BNGO trade ideas
nice set-up going into next week+ back-tested the previous AH. looking to re-test current AH and climb to a new AH.
+ The more Saphyrs deployed = More Rev./Earnings = Higher Share Price.
+ 10,000 Deployed Saphyrs GOAL 2021 according to CEO Eric. $14 PT was given based on only 600 Deployed Saphyrs. $14 x 16.666 = $233.33 PT .
+ Cheers to a fun week ahead. It's been a long time coming.
BNGO- near term price movementsI'm in this name at $11 with a small position. Obviously the stock is running pre market, so this is where I anticipate $BNGO to move. Biden Administration could add fuel to the fire by giving them some $ to map COVID variants. Their tech either way is in increasing demand. From technical pattern.. we have a nice channel forming. $16 looks like resistance, depending on risk tolerance could be good to trim and re enter back at $12 to log a small gain. News sets us to break the channel. What do you all see? NOT advice, just what I see playing out!!!
BNGO trading in a triangle with lower highs and higher lowsBNGO has broken the trend and is consolidating inside this triangle with lower highs and higher lows. Who will win?
My bet is on the bulls. Lately a lot of positive news and academic results about the Saphyr machine have been coming out in rapid succession.
When the triangle trade is done (around end of next week), I expect a jump towardsd 18-20$. This stock is a long term hold.
another %30 incoming i think that we will hit abt $16.80 before we cool off which is abt %34
a lot of good news as well as the bullish pennant we are riding off of
next week i think we can see it in the form of switching to earnings mode, bullish pennant fundamentals and all the other good news that was not priced in
watch out for an offering tho, if u have an option i'd sell in the high $15s (that is what i am doing because i still have shares with a $5.50 average) and if we do see the offering we cam buy the dip.
also sorry for all the lines i look at stocks during the day on the one minute
BNGO - FLAG - Enter on Pull-backI was in this position on Thursday and rode the breakout on Friday. I didn't like the afternoon selling volume so I opted to move to cash. This is still a very strong setup. If the market continues its upward trajectory this upcoming week. This would be a good stock to enter on the pullback. Buyer volume was strong on breakout, selling volume was pretty heavy following breakout, but that's expected given the extended consolidation it just came out of. It's very possible price action could very briefly bounce off of the upper trendline before making new highs. Target $16 if continuation of trend holds.