BNGO looking strongBullish flagging above the strong level
Sitting above 20,50,200 MA
Good volume
MACD, RSI looking good as well
BNGO trade ideas
BNGO | Bull Flag to challenge 10$ againHey all,
BNGO has been consolidating just below its 200-day MA into a classic bull flag formation.
If this follows through we could see BNGO popping above it's 200-day MA and challenge the 10$ mark once again.
This stock has played out bull flags perfectly in the past and I am looking forward to see if it does so again!
Good luck to all!
(*This is not financial advice, for sake of discussion and illustrative purposes only*)
BNGO - the situation is not clear There are currently no clear chart signals.
On the one hand, we have the gap at 6.87. On the other hand, we have solid support at 7.50.
The following applies:
I would like to fill the gap. But that is not a must have. However, if we don't fill it, it acts like a magnet. A break below 7.50 would give an initial signal that the market would fill the gap. We have to close above 8.20 and build strength there. Then the probability of the gap fill scenario decreases.
Targets above:
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
BNGO - UPDATE BNGO:
The situation is still ambiguous. On the one hand, we have the gap at 6.87. On the other hand, we have solid support at 7.50.
The following applies:
I would like to fill the gap. But that is not a must have. However, if we don't fill it, it acts like a magnet. A break below 7.50 would give an initial signal that the market would fill the gap. On the other hand, I also see up signals. If its go up from here, we have to come above 8.20 and build strength there.
Targets above:
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
BNGO - UPDATE Hey guys ...
We cannot ignore this price action. The chart has developed a huge gap and has moved very unnaturally. WSB ..
The chart is not very clear to me. Can you still remember 7.50? That was an intermediate target of mine, which was overrun in the gap up. Today exactly this level served as support after we filled the gap at 8.37 and fell below it.
There is a problem for me. I'm not a fan of huge gaps because they always act like a magnet. And what do we have in the chart? A huge gap (around 6.87). There is still a risk that the market will want to fill this gap. Today we saw the first down movement. We have two options:
1. We fill the gap and build strength again from there. That would mean we'll see prices again at 6.87.
2. We gain strength from the 8 dollar support and reach the targets above. The further we get away from the gap, the better. So the situation remains interesting. I'll keep you up to date.
Bionano Genomics is doing a thing. NASDAQ:BNGOA strong impulse is currently unfolding and there is sizeable momentum behind the main wave. There is quite a lot of confidence from our side that we are to reach our Fibonacci goals. The masses are making this one burst.
Remember, this is not financial advice. You must do your own research and carefully make decisions for yourself by yourself. We love TA and do not provide individually tailored financial advice, or financial advice period.
Now that aside, Fibonacci in crystal clear green and invalidation noted, as always, in red. Good luck out there.
BNGO cup and handle on the weeklyVery bullish on BNGO. We got a new catalyst which si a new CCO, cup and handle formation on the weekly time frame, MACD crossing upward, Parabolic SAR switching below the price, RSI going to overbought areas, some shorts, and all we need is a huge volume to make this stock breakout to all time highs which is great area because of less resistance and less supply area.
BNGO targets Earlier last month I provided an analysis for BNGO stating that she looked ready for a strong move up. We can expect resistance at the previous high set in the low teens, and if this resistance breaks, we can expect a sky high breakout with not much resistance above the low to mid teens. A measured move of continuation up from the previous wave up from roughly .50 to the low teens gives us about $60 (60% of the total initial move by percentage). The key here is to watch for rsi and macd bearish divergence as it moves through its breakout towards $20 and higher if that occurs. The divergence indicators on lower time frames (1 day and 4 hour charts for example depending on how quickly it moves) will be the strongest indicator we can use to take profits and scout an exit point.
BNGO ON THE MOVEbngo moving above resistance short and long term
setting up for continuation of longer trend
IMO
not financial advice
BNGO - Bingo, lets win the prize! 🎁-Investors in Bionano Genomics (NASDAQ:BNGO) Monday morning are picking up where they left off on Friday, boosting the shares of what has become the latest meme stock focus. BNGO stock has surged more than 15% in pre-market trading, after gaining more than 9% to end last week.
-What’s behind the move? Likely it’s the continued sentiment from the Reddit r/WallStreetBets crowd, where there’s been a 16.2% increase in mentions in the last 24 hours, according to sentiment tracking sites.
-To be sure, Bionano did have some news out earlier today, with its announcement of the hiring of a new chief commercial officer. Industry veteran Jason Priar is taking on the role, bringing with him a number of years of experience working with labs that perform genome analysis in cancer and genetic diseases.
-He will lead the genomics firm’s commercial teams across the platform and services businesses to drive sales and market access with third-party payors.
-In the case of Bionano, the percentage of this company’s shares sold short sits just above 13%.
-Typically, companies with short interest ratios around 20% or higher are better targets. However, enough attention given to one specific stock could drive the price up to a level where others feel enticed to take the other side of the trade. Such a scenario could result in a self-fulfilling prophecy where this company’s short volume ratio goes up.
$BNGO Update: 57% Gain Since PostWas simply looking for a retracement play on this one, and got what I wanted, some resistance at the 38% retracement level, and I have to be happy with 57% gain so I closed half the position. This can definitely go higher, and has the room to do so, so trimmed half of my position accordingly.
Next price levels to watch, 8.60 to $10.00 range
BNGO - WEEKLY UPDATE That was a strong week.
Basically we broke out of the downtrend channel . An upward trend has been evident since that point.
Now the following applies:
Upwards it becomes a little more difficult --> More resistance zones
- Our goal was to get buying power in the 4-5$ range - that was successful:)
- We also had our phase of consolidation & Daily hammer Candle as an uptrend signal
All targets have been achieved so far.
Current targets (intermediate)
Support:
$ 6.66 - 6.70
$ 6.10 - 6.20
Targets & resistance zones
$ 7.50
$ 8.00
$ 9.00
$ 10.46
--> ATH $ 15.66- 20$
45min chart:
Bionano Genomics completes head shoulders and then up ?Bionano is a hyper-technological industry that operates at the level of the human genome.
It has developed a platform with an unprecedented ability to detect structural variations in DNA molecules, is active in research for the fight against cancer and other genetic diseases.
It presented excellent results days ago and now a category of big investors has started to direct its capital on it , typical feature in this period where many biotech and pharmaceutical companies seem to receive large inflows of capital ( see related ideas )
The advisor Marketmiracle tells us that thanks to the indicator Mmiracle Viewer decomposes the market to identify the positions on the securities of the various investors.
It generated an input signal on Bionano Genomics at a price of 7.16 usd with a target of 15.08 usd with a potential profit of 110 %.
From the fundamental point of view the company does not shine but it is a characteristic typical of all the companies that operate in the fields in which the investment in search is a necessary and determining part for the own business.
I checked the situation in the chart and it seems that the target can actually be reached after a short accumulation phase that could lead the title to the formation of a bullish head shoulders, the high volatility of the stock could then help to reach such an ambitious target.
Will Bionano Genomics succeed in its intent ? stay tuned....
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling at the bottom of this page.
BNGO - UPDATEA very strong day for BNGO.
Brief overview of my last analysis:
"BNGO remains strong. Today bngo took a little breath and touched exactly my 0.5 retracement to gain strength afterwards. A daily close above 6.20 was important to me. The chart forms a nice trend and points in the right direction. The following targets are relevant for me:
- 6.35 small resistance
- Then 6.50 to reach my between target at 7.00.
- 7.46 is my main target. Strong resistance is to be expected there. But the chart is on the right way;) "
Old chart:
I think we can be very proud of ourselves today. All targets were reached. From now on the upward trend is confirmed.
My target today:
A close above 7:00 would be amazing.
I'll keep you up to date!
H3:
$BNGO 1hr tf update: possible target $BNGO 50% -65% retest. possible bounce is expected to reach a new target. Upon reaching the target, possible handle is expected.
BNGO UPDATEBNGO remains strong. Today bngo took a little breath and touched exactly my 0.5 retracement to gain strength afterwards. A daily close above 6.20 was important to me. The chart forms a nice trend and points in the right direction. The following targets are relevant for me:
- 6.35 small resistance
- Then 6.50 to reach my between target at 7.00.
- 7.46 is my main target. Strong resistance is to be expected there. But the chart is on the right way;)
H4:
$BNGO Update, Near 7$ TargetBNGO showed a solid reversal out of its downward channel towards 6$ for confirmation that it was finished going lower, and shows a continued strength for a move towards 7$, its 23% retracement level from high to low. If traders and the market want to bring this higher, my next target would be near 8$ or a 38% retracement. More of an in and out trade for me, but judge it how you want and use the Fibonacci as areas to trim your position.
