I am bullish on BNGO and here is why:
From a chart/technical view;
The chart we see remindes me exactly of TSLA stock and its early days where the stock got hype at first because of future evaluation then later stagnated because they could not hold the highs later on with them showing that they are capable the stock got overevaluated again and
has risen like that ever since. This is exactly what happened when BNGO got to 15$ now it is stagnating and we need to wait for investors to think that the price is relativly ok with the company. This will happen eventually because the company is with or without the stock price a crazy new technological advance in society.
From an fundamental view:
The company have this year come out with news every month and the analyst is predicting a bad quater, normaly when analyst do
their rankings they are overreacting and from now the overreaction is downwards. The future of BNGO is not only a product wich gives some kind of satisfaction like an phone or social media. This product is can change how the human race see of medical care and is revolutionary in the way that internet was revolutionary. Just like the computer wich took 20 years to reach 50 million users, im fine if this takes just as long. (but it will not) because we now have the wonderful gift of searching and getting information like this instantly.
Economical view:
And to note for everything the economical Environment we are in now is maybe not the best for a rapidly growing company but all the factors of the economical Environment is not constant and instead a quick hiccup that will go over. These hiccups can take 1-2 years and is very
short term. Now we have gotten trough a rough first year in an good situation the economical enviroment will be better 2023. But this does not take from that BNGO needs only one ONE good catalyst that will take it to higher evaluations.
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