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...
The PEAD projected a neutral outlook for $MRVL after a negative under reaction following its earnings release placing the stock in drift D
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NASDAQ:MRVL ready to Gap Fill to $45.22
Lot of option activity today on April/16 48,50 & 55 calls. Calls are 3 days out so lot of time to be right on this.
Volume coming in past 2 days after being oversold from the earnings run up.
CCI trending up as well.
Target 43.86,45.22,46.68 & 49.54
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Broke out of a month long downtrend (Yellow line) yesterday on strong volume with the help of CNBC reccomendation.
MacD is merging bullish
OBV is merging
Has room on RSI and MFI
Targets are Fib (greenlines)
stop loss at 51$
In my previous idea I shared a trade within the large flag structure and suggested that a breakout of the flag should push price higher. Price has since broken out of the flag and I expect continuation to the upside.
Aggressive entries can be taken now, conservative entries at the retest of the flag/horizontal structure.
See me previous $MRVL idea below.
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...
MRVL Technology is a semi conductor company that has been lagging behind this week with other semis like NVDA having nice rallies. Great company with continued growth in the 5g and cloud computing segment. Looking at this for a potential swing with ER approaching early March. In a nice uptrend since the pandemic hit and currently in a 2-3 week downtrend channel to...
$MRVL formed a bull flag. Watch for continuation to the upside. A breakout should push price much higher.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽