Bears are Losing Control Over Bionano Genomics (BNGO), Here's Why It's a 'Buy' Now
BNGOBionano Genomics(BNGO) ZACKS·2024-09-06 22:55

Shares of Bionano Genomics, Inc. (BNGO) have been struggling lately and have lost 5.6% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish c ...