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BioNano Genomics Buy: BioNano Genomics Inc (BNGO) is a life sciences instrumentation company, which focuses on genome analysis space. BioNano Genomics engages in the development and marketing of Saphyr system, a platform for ultra-sensitive and ultra-specific structual variation detection that enables researchers and clinicains to accelerate the search for new diagnostics and therapeutic targets and to streamline cytogenetics. In this BioNano Genomics Buy video, we discuss the 6 month and 1 day / 1 minute charts from a macroscopic and microscopic view. We also establish BioNano Genomics current resistance and support levels from a macro and microscopic viewpoint, discuss volume trading patters and volume moving average from a bullish and bearish point of view, and trading strategies for investors looking to buy, hold, or sell BioNano Genomics.
BioNano Genomics Fundamentals: https://www.marketwatch.com/investing/stock/bngo
BioNano Genomics NASDAQ Compliance: https://apnews.com/press-release/globenewswire-mobile/business-corporate-news-financial-markets-stock-markets-corporate-stock-e8af4c668b7873a72206196095f419b8
BioNano Genomics CAP Accredation: https://apnews.com/press-release/globenewswire-mobile/science-technology-genomics-genetics-coronavirus-pandemic-0a52d4a92a6b6b9e79a1f3aeca187b54
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What is up, everybody welcome to traders trades where we have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these. Given stocks i'd like to preface by saying that i'm not financial advisor nor expert, i am just some random dude on 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 thirty thousand dollars deep in 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 happy to say that i'm not a financially free man, so if i can pass along any of the information resources or tools that were given to me and make your lives a little bit better than they were before, that's all a guy Can ask for, lastly, if you would not mind dropping a like on the video really does help support the channel and consider subscribing if you'd like to see more content like this. With that being said, today, we are going to be looking at ticker symbol bng0 by our nanogenomics incorporated, and this stock has seen some massive massive growth.

It has been absolutely filthy. I cannot believe how much the stock has gone up and before we get into the video i just want to let you know what this company is all about, so i have pulled up here. Marketwatch and i've got bngo pulled up. So we're going to read this real quick, bio nano genomics incorporated is a life sciences, instrumentation company which focuses on genome analysis, space, the firm engages in the development and marketing of 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 cytogenetics and there's a couple reasons why this stock has seen such a huge massive run-up.

And the first one is that the that bio nano genomics was granted a 180 day extension by the nasdaq. To regain compliance with the bid price rule and the bid price rule, basically is your stock needs to remain over one dollar? Otherwise, you are in danger of being delisted from the us listings and they were sitting at 50 cents for quite a while or at least under a dollar. They would poke their head over. But you can see here we're well above one dollar right now, sitting at 402 in the after hours, which is phenomenal, that's a huge run-up, but this is one of the reasons why i think the main reason why this stock has run up is because of this Bionicle customer practice genomics accredited by college of american pathologists, so basically what they did i'll leave a link to this.

In the description box down below but bio, nano genomics announced that practice genomics llc received accreditation from the college of american pathologists, making the first cap accredited clia certified diagnostic lab in the united states to offer a laboratory developed test based on whole genome analysis with sapphire. So they're the first cap accredited certified diagnostic lab in the united states, they're the first to do it, and i believe that is the main reason why we're seeing this much hype - and i have been asked questions about you know bngo recently, you know, is it too Late for me to get in, do you see the stock reaching 10 anytime soon? What's the upside here, um well, i'd be chasing. If i buy right now - and i wanted to cover the you know the six month and the one day, one minute charts here - that way, we can get a macroscopic and microscopic view on the stock and have an idea of what is happening if it's too late. If you can still make a profit off of this stock, so i'm gon na label a couple of levels here: we're gon na have a support sitting at about a dollar 17, as this was a prior level of resistance.

That does seem very low, but that's where we're at right now and beyond that. This is completely uncharted territory, and that makes me a little bit nervous. I'm not gon na lie. I do have a position in this stock and i am currently up in that position.

You know i got in somewhere around two dollars. Excuse me two dollars and 37 cents, so we're up. You know almost 100 percent on the stock, which is phenomenal. I think about 80, i'm very happy with the returns on that.

I have a stop-loss set, however, sitting at four dollars and two cents near the highest it's ever been and buying into the stock at this. Given time is a little bit risky and i'm going to tell you why the prior level of support that we're seeing here is a dollar seventeen and most of the price actions we've been seeing, have been gap, ups, meaning that the price action is happening either in The after hours or in the pre-market - and that does not give us a lot of candlestick data, so it is very hard to say over the last three days where a good level of resistance and support is which is uh. It makes it tough to say okay, this is a this is a good time or a bad time to get into the stock. So because of that lack of data, i do think it is a little bit risky to get in while we're sitting at four dollars and two cents.

However, i do have the one day one minute chart pulled up, so we are going to talk about a little bit of price action. That's happened in these zones so that, if you'd like to get into this stock, you can do so. However, i do warn you. It is a little bit risky um.

Just five days ago we had a price sitting on this of 55 cents, so it has run up a lot a lot a lot. This is filthy run up. This is incredible margins that is uh nearly 800 percent growth. On this stock in just a matter of five or six days and what follows after nasty run-ups dudes, it is uh price correction, and i can't tell you if it's going to happen on monday.

I can't tell you what's going to happen in a week in a month, it's very hard to say, but price corrections do happen and if you get caught chasing this stock and get in too early or get in too late buy too late, you could end up Holding the bag - and that is that is dangerous. We don't want to be caught, holding the bag and sitting in a stock that we don't know what's going to happen in the future. So i have labeled here, 3.14 and 2.78 as current levels of support, and i say that because we have this as a prior level of resistance on the one day, one minute chart at 314. We have one two, almost three, four five six touch points.

So, there's a very solid, acting level of support at three dollars and fourteen cents. However, it is only a one day one minute chart, so there's not a lot of time that has validated this 314 mark, so it could very easily get pushed through it's going to really depend on the price action on monday, and then we have 278 as a Secondary level of support, this is where we're seeing the most price action in the regular trading hours. So if we do drop a little 314, you know 278 does seem to be a solid, secondary level of support. This was a previous level of support with one two three, four, five uh.

This acted as a level of support here um. This actually has a level of resistance here, and you can see we had a pretty harsh um buying pressure. That was that was brought on once we pushed above 278, so this price zone right here if we do fall into that and you're looking to get into this trade. However, it is very risky.

Keep that in mind, because we could very well push back down underneath 250 or two dollars back into the one dollar range, and you could be sitting with a pretty harsh loss that you need to hold on to for a while. This is where i see the price action happening if we do drop down from this four dollar range. Now we might not. We might not push back down to that uh.

Do that four dollar range. We could very well keep pushing up and go past. This 470 mark, which is going to be our next level of resistance, and just historically speaking, if we look at the trends on this chart, a lot of the price action does happen in the pre-market and after hours, here's the after hours the pre-market. You can see this is where a lot of the growth happened, so we were actually down um.

You know we're about consolidated on on uh. I think this is the 30th yep, so we started the day off at about 2 26 end of the day off at just about two dollars, so we were actually down a little bit on the day and then in the after hours and the pre-market, we went Back up and opened that you know 275 or so so, you're going to want to watch very closely on the pre-market action. If you do see the stock kind of continue, the trend that you're seeing right here, we do see we're starting to get into some bearish territory. We are trading underneath the volume moving average so a little bit bearish.

However, we are still up massively on the day. The overall trend is very bullish. As you can see, we started off in the after hours uh. You know sitting at about three dollars and 18 cents and ended at 402.

So that's still an overall bullish trend. So do keep that in the back of your mind. One other thing you're going to want to look for if you are looking to get into this stock is the overall volume. Now we don't have a lot of data, because this is a fairly new stock, which is why the risk is higher, since we do not have a lot of data.

This is a little bit speculative. The risk is high. I do have a stop loss set on this: i'm not going to get caught holding the bag and either should you but you're going to be looking for about similar trading volume levels, because volume drives volatility and volatility drives higher price valuation. So you can see the average was sitting at around 4 to 5 to six million shares traded a day, and recently we've been in the the hundreds of millions range i mean like on the 30th, 805 million shares traded 483 million shares traded.

So if you're, seeing anything above i'd, argue 250 million shares, the volatility is still going to remain and the potential to break through four to five, possibly dollars is still going to be there. So you are going to watch you're going to want to watch in the beginning pre-market hours, whether or not excuse me holy crap. I'm choking on my spit. Get too excited you're going to want to watch to see if that volume remains, and that will give you a very good indicator so make sure you have this on your watch list on monday during the pre-market, if you can get up a little bit early just To watch the price action on this see if the overall trend is bullish or bearish, that will give you an idea of whether or not you should get into this stock.

So watch for the volume watch for the volume moving average see if we're trading underneath it for a while, because that'll that'll indicate whether or not this is a bearish or a bullish, territory and watch to see if we re-test these support levels at three dollars and 14 cents and 278., if you see a little bit of consolidation between these ranges of bounce bounce, bounce, bounce bounce, that's going to be a very good indicator that we may be able to hold those levels we'll be able to know more after a couple trading days. However um, but the thing with this stock is it's so new: it's got so much hype. It's got fomo up the lomo going right now and it very possibly could keep running. So if you are going to get into this stock, i do recommend watching for that 314 range, because that does seem like the safest bet.

However, i do recommend setting a trailing, stop loss or a stop loss of some sort. That way, if it does drop and doesn't come back up, you're not going to lose 50 percent of your investment, maybe you'll lose five or ten. So if you invest a thousand dollars, maybe you're down 50 to 100 bucks instead of 500 600. You know: that's that just seems like the safest bet, especially on a really fairly new penny stock, five days ago, sitting at just over 75 sitting at 75 cents, so that is the safest way to play.

Bngo bionanogenomics, i do think it has potential, especially if arc invest gets into this. We do have vanguard that has a position in this stock. It has seen absolute crazy amounts of hype and if hype continues, the price valuations will also continue to keep running up. So i hope that was helpful.

I hope that provided some value for you guys. Let me know in the comment section: if you have any questions and i'll do my best to get back to you, everybody who drops one please consider liking. If you enjoyed the video, please consider subscribing if you'd like to see more content like this and lastly, i do have an affiliate link in the description box for tubebuddy. Tubebuddy is a seo optimization website that i personally pay a nine dollar per month subscription fee for in order to optimize the seo search results on my videos, and i could not highly recommend this enough.

It has helped me grow my channel immensely over the last three weeks and if you do use that link, it does give me a commission off of every subscription that is purchased. They do also have a free option. If that does not interest you and if you're not interested in tubebuddy at all, that is totally okay. I know there's probably not a huge amount of content creators out there that don't already have their stuff figured out, so i just wanted to throw it out there in case you're interested, if not i'm just glad, you're a part of the community.

I'm glad that you're here watching the videos and giving me your time. So that is all i have for the video today and i will see you all next time: peace.

By Trey

10 thoughts on “Is bionano genomics still a buy? // bionano genomics stock analysis technical analysis”
  1. Avataaar/Circle Created with python_avatars TheYogi Singer says:

    I was holding 30 on BNGO but accidentally set an 8% stop loss trail and it knocked me out of the play at like 3.4, I was so upset because I was in at 2.7

  2. Avataaar/Circle Created with python_avatars Hugo Romo says:

    hey man OCGN big news hit, can you do a video of them……

  3. Avataaar/Circle Created with python_avatars Bryant Garvin says:

    Gnog

  4. Avataaar/Circle Created with python_avatars Frank Barone says:

    Trey if you have a chance could you take a look at at INSG?

    Interesting company with a good looking chart but I appreciate your input as my chart analysis could be way off lol.

  5. Avataaar/Circle Created with python_avatars Anonymous Confessions says:

    What do you mean by a price correction? Is that when the stock is overpriced and it is adjusted?

  6. Avataaar/Circle Created with python_avatars Javier Lopez Benavides says:

    Great video again! Thanks

  7. Avataaar/Circle Created with python_avatars Vincent Castillo says:

    Great content ,,, what do you think of LCA , NGOG merger? Whats your predictions? Thanks

  8. Avataaar/Circle Created with python_avatars Jason Wilhelm says:

    I don’t know with this one. I tried buying in at .90 and got rejected and didn’t feel comfortable getting in during the run up. However, I think this goes up again from all the hype and FOMO going on right now. I may buy a few hundred shares if it drops, I will have to do more DD on this one. ARKG have this stock yet??

  9. Avataaar/Circle Created with python_avatars F E says:

    Thank you. BNGO💙

  10. Avataaar/Circle Created with python_avatars jason frazier says:

    Hey Trey what’s a good stop loss on this play? I’m in at 2.25.

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