Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of...
Bull case : Wyckoff accumulation pattern with 78 resistance , expect some digestion there and then it's on Phase E where I see 90 and first price target in coming months (green arrow)
Bear case : rejected at 78 and "double top" , it's at least back down to test rounded base at 70 zone, break there and it's back to 60 support...
Today's flow was...
$MRVL Analysis, Key levels & targets
Here’s another one on my radar… looking for 61.90
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in...
$MRVL Target 1 - 77.90
No position at this time. But this is what I’m looking at… I’ll update as soon as I take a position
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
I am not your financial...
MRVL had a strong earnings gap back in early December, has consolidated and held onto the gains since. The company is showing strong earnings growth QoQ and YoY and is in a strong industry.
Bought shares as the stock appears to be coming out of a volatility contraction period and may be beginning a post-earnings drift higher.
MRVL hit the strong resistance zone today. Is it start of a large decline? Lets follow.
It seems that MRVL has completed a 5 segment up going wave ( shown on the chart ) . This up going wave can be wave 5 of a larger cycle Elliott wave itself which if true , suggest a decline down to 38-33 USD zone corresponding to 0.5 and 0.618 Retracements of larger cycle...
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It seem that MRVL has completed its corrective wave B (at 0.786 retracement) and continues it's path down to its first support zone at 34 USD below the low of wave A.
Conditions which confirm or invalidate this analysis has been shown on the chart. There are two support zone at 34 and 29 USD. These two price reversal zones (PRZ) have been formed by two different...
NASDAQ:MRVL ready to Gap Fill to $45.22
Lot of option activity today on April/16 48,50 & 55 calls. Calls are 3 days out so lot of time to be right on this.
Volume coming in past 2 days after being oversold from the earnings run up.
CCI trending up as well.
Target 43.86,45.22,46.68 & 49.54
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These are the tickers which have closed below their 200 EMA today.( definitely entered Bearish trend )
Please pay attention to increased volume during down trend and the very same day these tickers closed below an important level.
I love the patterns that repeats themselves many times.
Marvel has a predictable pattern of Sharp move following by a micro consolidation and touching the 50 EMA which follows by another sharp move!
Wait for breaking above for conformation..!
Always do your own research before entering any trade and manage your risk
This is just my technical view, neither a...