I like this setup for the following reasons.
1. Broke previous resistance of $3.05 with huge volume.
2. Retest and pull back on lower volume.
3. Set to join Russell 3000.
4. Double bottom.
1. High short interest 56%
2. Took support at fib 50% level.
3. Reduced volume on the pullback.
4. Area of confluence with 50EMA and 50% fib.
5. Formed lower high and higher high in 5 min timeframe.
Will keep an eye tomorrow on it.
MRVL forming a nice bullish setup.
1. PEG candidate
2. Respected 21 EMA ( one of the traits of strong stocks)
3. Took support at 38% fib.
4. Flag breakout.
Keep an eye on INTC as it is taking support at 38.2% fib level and previous resistance turned support now.
Will take an entry on falling wedge breakout.
