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...
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...
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...