Every Decade you get one.While everyone is chasing the "next thing" or focussing on short squeezes and pump and dumps... Quietly BNGO has emerged from the depths of penny land. While analysts will attempt to scare you out of this stock by touting a 1000%+ run, and touting it as a penny stock similar to ZOM, a look a little closer reveals the company is just retouching its IPO price from two years ago. This is far from a P&D or a GME Short Squeeze hype play (I am all for the GME play, F' Citron) instead this is a new monetization play with some of the smartest Scientists on earth backing it. Stop and think for a second... Why am I chasing a crowded EV play, its TSLA or nothing, why am I chasing a mature e-commerce play like ETSY or Amazon, why am I chasing a MJ play in a foggy market, why am I chasing a mature fin-tech play, why am I chasing a SPAC above $12. If you are looking for true growth you must search for a market that has yet to be monetized. For the next decade the monetization of the human genome will be the largest growth play on earth. I think we have a winner. It's time to yell BINGO! Sale your car, house, child, sale your body, kidney almost anything you can to buy more shares of this. The moon is imminent. ST PT $25 by March 2021. LT PT $415 by March 2023. FANG will go BANG!
ETSY
ETSY Post-Holiday RetracementETSY made a really strong movement over the holiday season, and is currently at the upper channel resistance that I marked in an earlier post. The e-commerce sector has been booming over the holiday season, and I'm seeing some hints of a retracement that could begin as the holiday season concludes. ETSY is up 11% this week, and 50% from mid-November.
Will be interesting to see next week's price action:
Target 1: .23 retracement ~$170
Target 2: .38 retracement ~$155
Comments are appreciated.
Index Reconstitutions: Is there a trade?A friend asked a very good trading idea question: Can we profit from additions and subtractions to stock indexes? The addition of NASDAQ:TSLA was a very public event this year and definitely led to a bull run in that stock. What about other stocks that were added and removed this year?
BIGC looking like itll have another $30 rally soonLooking at the Day Chart you can see that its pretty clear that BIGC might retouch the $70 level
Once it does that i do think that well bounce off that AS LONG AS THE MACD TURNS DIRECTION
You can also see that the last time we had the Mom indicator at these levels it was the start of the bull reversal that took us straight to $108
The Accelerator Oscillator indicator is also showing signs of bullish movements which in turn is showing the bear trend weakening
A solid buy would be right now or waiting a couple day to see if BIGC goes down to the $70 level
If MACD switches sides we are looking at another rally to $108 as well as other tech following
So far i have noticed that BIGC is a leading indicator of other Tech
Earnings will also be a good indication of the direction
$ETSY - New Wave Cycle This is a great opportunity. $ETSY looked like a buy this morning and it raged! I was so happy. My account so happy. But when I zoomed out I noticed something troubling... We just completed a bull cycle and now commenced a bear cycle. I happened to time corrective minuette wave b at the perfect time. The good news is that I now know to sell, by puts targeting $80 range for primary wave 3. Target should be met by early next week (9.30.20).
I will do my best to post updates but think about loading up on puts and confirmation is below $106.
Good luck.
ETSY - Long to $123 and $132A great news for ETSY gets into S&P500. What's next guys?
This news may bring a large options, buyers ETSY.
Alright, there are FA. So, how about TA?
I tried looking through D1 and realized there is 1 clear pin bar candle.
It rejected a price cut across the Demand Zone.
Combined with RSI on H4 indicates a reversal signal.
I think this is a good time to enter a Long position with targets of $123 and $132 in this September.
Disclaimer!