MRVL Pennant Breakout LongMRVL displayed a strong reversal on August 21st & 22nd which saw it retake its channel/large bull flag that began early June. After retaking its channel last week of August, MRVL made new highs at $41.34 and since then has consolidated in a large pennant structure. I am looking for a complete retracement of the structure to retest previous highs and ultimately make new highs. On 5min time frame I am looking for breakout above $38 which is recent trend line resistance
BTO
MRVL 10/2 $39c avg $.40Note
I am still holding this trade and added $40c 10/2 avg $.40. Original trade is up 150%
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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.