BNGO 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.
Komen
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Will catch up with the old trendline this week and break out above that.
@otaborda, A market correction is hardly something one can anticipate ;)
I have been adding though. I'd honestly be surprised if we see this dipping more.
otaborda
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@THeLIStR, true... I believe this is bottom since it validated all higher TF's... I'm just learning to be patient... some time I win some don't...
THeLIStR
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@otaborda, Exactly, that's why I started adding.
Short term I expect most stocks to quickly bounce up, but will probably trade in new ranges after that. I'll have to remake all my charts :).
Charts work great until something unexpected happens. The companies themselves haven't changed though, and I remain invested in them for the long haul. Using the carts to decide on entry points or when to take a bit of profit when the stock is getting ahead of itself.