Not Financial advice.
NASDAQ:MRVL
Inside broadening formation it looks like bears are in control will possible go to fill gap in purple area.
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Aligning and approaching fibo clouds give support and impetus to the movement towards the targets described in the chart.
Risk management, an integral and indispensable part of this operation, provides for partial realization at the first target with subsequent movement of the stop loss line at the price that led to entry into the operation.
Risk/Return =...
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$
On March 1, 24 I bought NASDAQ:MRVL (the purple arrow) as the stock broke out into its new 52-week high with relatively good volume after accumulation of nearly 2 months.
I then sold it on March 8, 24 as the stock down 11% after earnings.
It was a hard choice then because
I rarely sell something which is still above its own MA-10
Also, the stock is right...
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...
Hello Marvell Technology Short, I just found it. Red line stop, target is the GAP just under 50 usd. Get started immediately or in a few minutes. Good luck, update FOLLOWS
MRVL Has started its bullish course. I´m expecting it to give me a second Bullish entry.
But I've to wait for a clear bullish reversal pattern. I need to know if the IBH (Institutional, banks, and hedge funds) are buying too or I'll be their whale's fish.
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.
I have been tracking this company since October 2020's covid price low (retracement). The price fell back to $35 covid at the beginning of 2023 and formed the beginning of a large reversal signal by mid-year of 2023. Now, MRVL has given a new signal to go long.
Weekly:
Weekly MACD closed positive above the water line from November 13, 2023 and stayed...
If Marvell Technology's stock reaches the range of 47 to 53, there is an expected recovery in its value, potentially nearing the range of 90 to 100 by the end of 2024, approaching its previous peak once saw in December 2021.
