details on chart need to see bullish cross on 2009 resistances level
Trade is now closed. Check entry post for further details.
Accumulating at gap fill in very oversold territory. First target $15.30
Ascending triangle getting to breakout or breakdown point. Last 3 days have had higher volume.
There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
This is just my opinion. It's moved about 50% in the last 5 months or so. A healthy pull back or a rest (sideways movement) could create enough momentum to continue higher.
IF MRVL gaps down but opens in the green zone, I would be more bullish than bearish. That could be a nice bounce off of the 100 SMA on daily and 200 SMA on weekly. An open below $12 would be bearish. A gap up should prove to be a nice bullish retest gap.
Marvel is out of 9.55$ , the last support line. The next step without bad news is 10.91$ . I am long but have a stop loss at 9.55 $ if i am wrong. The stochastic slow strategy is stable and the percent profit is high at 60 Days calculation.
If you plan on taking MRVL -= here's how I would do it. It's sold off a LOT today.. so this trade is "okay" but we will see what happens.
Knees and toes... (reply when you get it.)
3 of last 4 weeks have tailed at neckline. When it breaks and holds, we are in business (long)