MRVL Long Target 88 $ Weekly TF : There is a deformed H&S pattern which may effect a little by making the price fall to the sloping green TL. Otherwise, it will take off from here to target 88$ as the double bottom at 63.27$ is firmly intact Stop loss at 71$
If you haven`t sold MRVL Marvell Technology before the previous earnings: Then analyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week, I would consider purchasing the 72.5usd strike price in the money Calls with an expiration date of 2024-3-15, for a premium of approximately $8.30. If these options...
MRVL on the 2H chart had been in a trend up since February 29th when it broke out of the high volume area of the profile in a pre-earnings run . Earnings were reported and MRVL more or less matched the analyst's forecasts. Price sold-off in the aftermath of trader disappointment. I held a large position of both shares and options but sold off half of the...
In the wake of Marvell Technology's ( NASDAQ:MRVL ) recent earnings report, investors find themselves at a crossroads, grappling with the reality of a weakened forecast and a sharp decline in stock value. The Santa Clara-based chipmaker, known for its contributions to cloud computing, automotive, and communications sectors, is facing turbulent times ahead, raising...
MRVL on the 60 minute chart certainly had an impressive run for two days gaining 16%. The chart however shows the bullish candles are decreasing in range and price is more than two standard deviations above the mean VWAP and far outside the high volume area of the volume profile. Bullish volatility fell to close the trading week on Friday afternoon. My trade...
Last chart was quite a success. Price is currently heavily trending upwards, expecting a correction towards the trend lines. Next targets around $70, $75 and $80 as marked.
Despite the bearish RSI and Stochastic I'd see MRVL as a potential buy. Targeting next zones at $60, $63.5, $65 and $69.4.
Analyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week, I would consider purchasing the 57.50usd strike price Puts with an expiration date of 2023-9-15, for a premium of approximately $3.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of...
MRVL a technology stock beholden to the ebbs and tides of both the general markets and the leaders of the tech sector fell on a mild earnings beat this is to say traders were disappointed and responded with a 16% sell off from the pre-earnings run up. I see MRVL potentially suitable for a retracement of half of the 16%. On the 30- minute chart using both...
Marvell Technology Inc. (MRVL) presently approaching significant support, able to absorb weekly selling pressures. From here, (MRVL) can gain strength and push higher to channel resistance, eliciting gains of ~20% over the following 2 - 3 months. A weekly settlement above this channel resistance would lead to a long-term buy signal into Q4. Inversely, a...
Marvell is a leading semiconductor stock whose products are used heavily in artificial intelligence applications. The stock surged 40% in two days following a good earnings report and shares have consolidated in a tight range ever since. Shares tried to breach the low of the base on June 23, and we saw nice buying to support the price. Volume remains low and...
🔹MRVL has broken through the ceiling of a falling trend channel in the medium long term. 🔹MRVL has broken the resistance at 52.82 of a rectangle pattern, which signals a further rise. 🔹The short term momentum of the stock is strongly positive, with RSI above 70. 🔹Overall assessed as technically positive for the medium long term. Chart Pattern; 🔹DT - Double Top |...
Company: Marvell Technology Group Ltd. Ticker: MRVL Exchange: NASDAQ Sector: Technology Introduction: Greetings, fellow traders and investors! Today, we're diving into the daily scale chart of Marvell Technology Group Ltd. (MRVL), particularly observing a potential rectangle pattern that has formed after a clear downtrend. Rectangle Pattern: The rectangle...
Nice buy signal in $MRVL here, low risk and with ample upside to $51.65-52.65 by the 23rd or sooner... Couple ways to play this, either sell puts OTM, or play it with a call spread (long ATM, short OTM) or put spread ITM (long put at the stop or ATM and short put OTM at the target matching the time duration of the trend), or buy shares. Options offer more granular...
Price is touching the middle line of this Ascending Megaphone I think this will be the point of recovery for price Previous points have seen to be at the lower level of this megaphone so its only right to assume that a support will form slightly above these points Weekly chart
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...
Marvell Tech 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...