MRVL The Chip Designer Company is a must watch stock especially this week with the upcoming earnings report.
This is my strategy:
Using Bollinger Bands and Fibonacci Retracement, we see a consistent trade volume and slight increase in volatility as the price drops below the SMA and nears the lower band. The price is currently $76.68. We can expect it to reach a price target of $77.75 (test strategy here) for uptrend confirmation.
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