Bionanao Genomics Inc (BNGO)

[Deviant Trader]

Resistance would appear to be .91 and support at THIS point looks to be around .87 since we bounced of it twice. Without the interference of the MM's and day traders resistance was broken a few of times after hours and we hit .92 on low volume but it was not able to maintain. Charts clearly show we are consolidating in the .90's-1.00 range with minor fluctuations that are more than likely due to day traders flipping. IMO, unless we can maintain and start increasing the PPS by hitting the ask and not bid sitting just to save a fraction of a cent, the scalping will continue and shorters will just keep borrowing. Even with an estimated short volume of just 200K on a 5M float that descent pocket change. Granted, shorting at this point is risky but this is a risky profession and I believe there is still room to drop on low volume. Once volume hits again we climb like mad but so will the flipping activity unless people hold and available shares dry up. Then again I could be completely wrong as these are just my thoughts derived from recent trading activities.