Long trade idea: Entry points for MRVL
Updated
Don't let FOMO hit you in the face on this stock.
Long channel trends show the following support levels:
BUY LIMIT @$40.30 if you think the breakout will hold, even though the tech stock run looks like its running on fumes
BUY LIMIT @$30.80 excellent price for a long position, as this company looks to have a good future perspective.
I would recommend 30% investment in the first buy limit, and 70% investment at the second, as the company is a steal for that price.
What are your thoughts?
[newby]
Long channel trends show the following support levels:
BUY LIMIT @$40.30 if you think the breakout will hold, even though the tech stock run looks like its running on fumes
BUY LIMIT @$30.80 excellent price for a long position, as this company looks to have a good future perspective.
I would recommend 30% investment in the first buy limit, and 70% investment at the second, as the company is a steal for that price.
What are your thoughts?
[newby]
Note
* first buy limit is @37.90
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.