BBTrader29

MRVL Breakout

Long
BBTrader29 Updated   
NASDAQ:MRVL   Marvell Technology, Inc.
MRVL is completing its round up pattern within its handle formation in "Cup and Handle" pattern on daily chart. This is a potential breakout as it has tested this resistance 4+ times. I believe it will reach old time highs of $25.75 as it completes its handle in its round up pattern. At this level there could be more room for a bigger breakout to the $27-28 level.
Trade closed: stop reached
Trade active:
Re-entered trade after getting shook out, chart setup formed again on the daily
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