TA FOR BNGO

BNGO recently had some really good news headlines that sent the share price surging upward. Is the price done rapidly climbing? to be honest I couldn't tell you the answer. but I do have the technical levels that we can watch for where potentially buyers and sellers will enter exit.

BNGO's price section has formed a bull flag wedge pattern. Watch for a breakout to the upside of the downside of the wedge pattern. Because sometimes breakouts of wedges can be big moves.

Take note of the previous upper training price channel highlighted by the purple trend lines. But if the price does break down below this wedge pattern than the price could possibly return to this previous price channel.

A lot of capital was flowing out of this ticker symbol at the end of the day on friday. Apparently a lot of the holders did not want to risk holding over the weekend after such a good week. If the selling continues like this then I can see the price dropping more.

If the price can get more upside then here are some Fibonacci levels to watch as support and resistance levels.