BNGO
broke below the 12.00 support today. Two possible scenarios now, the price further tanks but I would not expect it to dip below 10. I am personally expecting a bounce back after today's dip as:
But please keep in mind that the price already went up +2000% in the past 3 months, and that the pharma market took a little hit today.
Trade well!
- Not much volume to justify downtrend strength
- Stochastic shows oversold signal at support
- RSI shows oversold signal at support
- No strong downtrend indicator overall
But please keep in mind that the price already went up +2000% in the past 3 months, and that the pharma market took a little hit today.
Trade well!
Commento:
Overall market dip made things more doubtful for BNGO. Seems like the price dipped below 10 for a bit and is now sitting there. I would wait a bit before entering as the trend might go on.