What is up, everybody welcome to trades trades, where we get technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these given stocks. I like the premise by saying that i am not a financial advisor nor expert. I am just somewhere, i'm doing youtube, so take what i say with a grain of salt. The reason i started this channel is because a couple years back, i was about 30 000 deep and some pretty bad medical debt, and i was very fortunate to have some close family friends and mentors that pushed me to work really hard and invest my money in The market and i'm not happy to say that i am not only financially free, but i'm doing pretty well for myself at the age of 23..

So if i could pass along to the information resources or tools that were given to me, make the community a little bit better off than it was before, that's all i can ask for. Lastly, if you wouldn't mind dropping like on the video, it really does help support the channel and consider subscribing if you'd like to see more content like this, as i do post videos every day, multiple times a day, now quick shout out to the guys over at The patreon we had a couple more people joining the other day, karthik pedro valentino joy, edmard, rob shawn albert flacco esky. These guys will have uh access to the private discord, as well as real-time insight to my trading strategies uh. If you're interested in joining there is a link to the patreon in the description box down below now we are going to be looking at ticker symbol, bng0 bionano genomics incorporated.

I do have a position in this stock just to disclose. I am currently in at 4.83, with 240 shares uh, currently down 1.38, but we are looking pretty good in the uh the pre-market. I did swing this trade from 2.37 up to about 590.. Let's see if i can find the uh the closed position in bio, nano yeah we're looking at uh 1590 profit.

It was about 150 percent bought in at about 237 sold at 590.. I was very happy with that and i did re-enter into the stock. So i am very happy there. I did lose that on occasion i chased that a little bit i wanted to get in earlier, but i was tied up in bio nano, but you know that's that's the way the cookie crumbles sometimes, but we're gon na be looking at bionano genomics we're gon na Discuss the uh, the 20-day volume weighted moving average we're going to talk about the 200 ema uh, the the current trending volume, the rsi indicator, uh we're going to look at this from a macroscopic and microscopic point of view.

Just to give you a holistic view on the stock and what you should be looking for in the upcoming trading days now, just to give you a quick oversight into what bio nanogenomics is, i do have pulled up. Marketwatch bionanogenomics is a life sciences, instrumentation company, which focuses on genome analysis space, the firm engages in the development and marketing of the sapphire system, a platform for ultra sensitive and ultra specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics And therapeutic targets and to streamline cardogenics kaido genetics cytogenetics. You know, i probably said that all wrong, but you know that's, that's totally fine um! It's looking pretty solid right now, bio nano is doing well because they were currently given or they they're recently, given a uh extension on the nasdaq a 100-day extent, 180-day extension man, i got to slow down, you guys always tell me, i'm rapping, you might be onto Something they're giving a 180-day extension on the nasdaq and they had some pretty positive results with the sapphire system. They are expected to have a uh, a conference and webinar on monday, where we're expecting some pretty positive news catalyst.

So i am going to be holding on to this stock until at least monday to swing trade. This, i would not be surprised whatsoever if we do see you know a uh, seven, eight, nine, ten dollar uh price valuation on this in the coming days - and this is about 13 days old, but i want to present you guys what would happen if uh, if Arc invested in bionanogenomics now simon barnett is a employee at arc and he says indeed really cool to see. This is another company on the long list of great rec serviced by my awesome follower base and then skip campbell says congratulations on the bngo team. I'm looking forward to listening to your company's next quarterly report and what you envision next great job and then simon barnett, said i'd love to speak with e homeland.

If possible, i've got lots of questions and, as always, i'm keen to learn now. This would be huge if uh, if ark did get into bio nano, as as you guys are probably aware, there is a cult following that follows kathy woods and the ark investing company and typically whatever they buy, attracts a crap ton of people to invest into the Company vanguard is also purchased in bio nano. They invested five million dollars worth of this when uh when buy on and was down pretty bad, so the company is looking pretty solid. I mean if you look back uh, you know not 10 days ago 15 days ago.

They were trading at about 50 cents and uh. They are up exponentially at 472.. If you were able to swing this from 50 cents, all the way up to seven dollars, you sell over a 1 000 margin of return, and that is absolutely filthy and uh. Pat yourself, on the back, because that is intense, i got ta.

I got my channel over here and the subscribers into this stock. You know i brought this to everybody's attention right around uh right around two dollars and if you were able to swing this all the way up to the seven dollar range you're still sitting pretty. Well, that's nearly a 400 return on your investment, absolute filth! That's that's incredible, very happy for everybody. That's been able to make some money off of this stock.

Now i do have a current support level sitting at three dollars and fifty cents. I don't. I do not envision we'll touch this and i'll get into that in a second with a follow-up you know at around 4.75 or so now we do have resistance currently sitting at 559, followed by 714 and then 724. rsi indicator we're currently looking a little bit neutral.

Starting to approach this oversold territory, which would be a good thing, uh to look for if you're, looking to improve your position at dollar cost average up or down depending on when you bite into the stock. You know if you were chasing a little bit and you got in a little near these highs. You know you could dollar cost average down? If you do approach this 30 mark, i do think they'd be a pretty solid opportunity and the volume is starting to decrease. So we are seeing an overall decrease in volatility and, as i said before, volume drives volatility and volatility drives higher price valuations.

But i do not envision this lasting as we are expecting positive news catalysts to come on bio nanogenomics on monday, and i do think january is going to be a very good month for this stock. So, if you're looking for a quick swing trade, this does seem like a solid opportunity. I would expect that we we continue to see a pretty solid run-up on the stock. Now i do have pulled up the 20-day volume weighted moving average, which is just a trend line, uh price valuation based on both volume and the amount of volume.

It does take that into consideration for the equation, and i also have pulled up the the 200-day ema. The exponential moving average - and this is a 200-day average valuation on the stock currently sitting at 3.93, and i want to point something out to you guys about this company uh and the price action on the charts is very interesting now if we would have got back Into the stock, when the volume rated moving average pushed up over the 200 ema right here at 50 cents, this was the first time that we saw this happen, and this is a bullish indicator on the stock uh. If you got it at that point and we zoom out, you can see the the following consequences. This was almost the turning point.

I would argue it was the turning point on this stock and if you were able to get into that moment in time, you are sitting really nice if you could have been patient for you know, five days or so and sat with just really steady, slow increase Of one or two percent a day on the price valuation, you would have been up an absolute filthy margin on the stock, and that is going to be something that i'm looking for again in. The future is if this does drop below the ema or, if it does, you know if we do drop all the ema. That's a bearish sign right off the bat, but if you do see that that happen again in the future, that is a bullish indicator to be watching. For that does indicate the stock is looking to push up to some new highs.

Now we do have the volume moving average quite a ways above the 200 ema, which is a very bullish sign, the more of a gap. There is between these two lines, the more bullish that the stock is appearing and it is a great indicator in real time to tell you hey. This is the sign the stock's doing. Well, i can, i can calm down right, there's not an imminent, imminent threat of this crashing, so i would recommend if you are tracking the stock to have a one month or a 10 day chart pulled up just so you can watch those uh.

Those two indicators on the stock as they are very telling on what is happening and the price action. So another thing that i find very interesting, and this does happen in jag x2. That's a very interesting pattern is we do have a descending wedge right now, and this is a bullish indicator on the stock, and what this basically is saying is: okay, there's there's a little bit of pressure on both buyers and sellers and we're seeing this tight squeeze On price action right and eventually, this tight squeeze is going to get real tight right. If we extend this out just a little bit uh.

If it lets me, if we extend this out just a little bit, you can see it's got to give one way or the other, and i am you know, speculating we're gon na give in the upward direction. As there is a lot of positive buying pressure and positive news catalyst that is expected to come out on this stock, we are currently approaching oversold territory, just a hair below neutral on on the relative strength index. So i do think that the buying opportunity is extremely high and people are likely to take advantage of that. So do keep that in the back of your mind on if you were thinking about either getting into the stock or selling out of the stock.

I would not recommend selling out of the stock right now. You know i did exit my trade at 590 because i i thought there would be a small price correction and there was - and it would be a good opportunity to lock in profits and then get back in so that i can make more profits right and uh. The profits should still come with the stock. I do have a good feeling about what is what is happening with the price action now, if we look at the one day and one minute chart, we do have uh current support sitting at four dollars and fifty cents followed by four dollars and thirty cents based Off of previous levels and then four dollars and nine cents in the pre-market from yesterday um the stock's looking pretty solid, with the with resistance, five dollars and 39 cents is what we're going to be watching for followed by 570 and then again we're looking.

You know right around i'll, just drop a new line right around here at 579 and uh. We saw a pretty harsh and large amount of buying pressure at market open, followed by a pretty uh, pretty steep and steady decline in price action. We did have a crossover on the volume weighted moving average in the 200 ema on the daily charts. However, if you look at this from a macroscopic point of view, this is still extremely bullish, so you do need to keep both in mind.

You know if you're looking today to swing trade, this um mostly just day trade - this you know then you're, maybe paying more attention to this one day. One minute chart and this crossover is very significant to you: that'd be uh an opportunity for you to short the stock or if you are longing the stock you bought it at this point, maybe you consider getting out and locking in profits at that point, if you Did not already at the prior level of resistance, which is then an acting level of support, so do be watching for that crossover. That is a very indicative sign if you are looking to day trade this stock. If you're looking to swing trade, i would pay more attention to the overall macroscopic trends that you're seeing on the stock um.

But i do expect that we'll see a pretty solid green day, you know um in the in the pre-market, we're looking a little bit above where we closed that currently on a slightly downward trend. We did have that crossover on the 200 ema and the 20-day volume moving average right here. So if you look at that price action, that is a little bit concerning if you're a day trader, you know that might be a sign that you want to short the stock, but i personally would not um. I would not go against the trend and the momentum, because the trend and momentum is currently bullish if we look overall on the stock, so just be very careful.

If you are going to short it, i would make sure to say: stop loss i'd, be sure to make sure you are very, very careful and do your diligence on on risk management, because that is a very risky trade. So that's what i have on an update on bio nano genomics. I would not be surprised whatsoever if we, if we do see this reach eight nine ten dollars. You know i am looking to hold this until double digits.

I do think that is very possible, especially with the amount of hype that is surrounding this stock, with the upcoming catalyst with the rumors of arc, invest, possibly getting into bio nanogenomics. I just think that the upside here is very high in the short term. You know i'm not looking to hold this for a mid to long term investment personally, but there are a couple different ways that you can play this, and that is the way that i am looking to play this stock. So if you enjoyed the video, please drop a like, it really does help support the channel and consider subscribing if you like, to see more content like this, as i do post videos every day, multiple times a day.

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