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...
The PEAD projected a Bearish outlook for $MRVL after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 50%.
Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; ASIC; and printer...
Marvell is a semiconductor company headquartered in Sunnyvale, California. It designs and manufacturers standard digital and mixed-signal integrated circuits solutions for various applications across multiple end markets. Marvell has been a steady performer in the semiconductor industry, with its stock price rising by almost 95% last year alone. It is also one of...
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
A weekly settlement BELOW $41.75 should yield $25.00 within several weeks time.
This trade is NOT confirmed until a weekly close BELOW $41.75 has occurred.
"Financed Spread" idea.
12/16 Expiration.
Bullish, or 'bottom-is-in' trade. The idea is to sell a short put and use the credit from the short put to cover the debit of a bullish call spread.
Sell(-) $47.5 Call 12/16.
Buy(+) $45 Call 12/16.
--{Current Share Price: $43}--
Sell(-) $35 Put 12/16.
The credit will be around $80 and the collateral will be $3500.
The...
clearly making lower highs and having trouble with breaking trend resistance zone.
about to break local/trend support area, below 51.16 we will see a lot more downside IMO!
The PEAD projected a Bullish outlook for $MRVL after a Positive Under over reaction following its earnings release placing the stock in drift A with an expected accuracy of 70%.
Double bottom, and re-test
Breakaway Gap
Earning 8/26/2022 Estimate 0.56
Entry 61
Stop 56
Target 75
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
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...
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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...
The PEAD projected a Neutral outlook for $MRVL after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
Earnings watch 3/3 post-market:
MRVL
COST
AVGO
GPS
SWBI
ESTC
EGLE
AGL
DUOL
AQN
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
