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MRVL

MRVL, Are we ready to go short?MRVL hit the strong resistance zone today. Is it start of a large decline? Lets follow. It seems that MRVL has completed a 5 segment up going wave ( shown on the chart ) . This up going wave can be wave 5 of a larger cycle Elliott wave itself which if true , suggest a decline down to 38-33 USD zone corresponding to 0.5 and 0.618 Retracements of larger cycle completed wave. A correction for a completed wave shown on the chart is also possible for now. We can update the idea later. It is worth to note that general trend of MRVL is up which means this possible upcoming decline is just a correction and we will have some up going waves after completion of correction ( I think there will be at least two more up going waves before big short). This mentioned decline is inevitable but a trade above 62.71 makes this analysis invalid for a short time . It still may go higher. Therefore, it is wise to set our protective buy stop one tick above 62.71. Stochastic indicator has made a bearish reversal in daily time frame while it is overbought in weekly and monthly which propose that 62.71 high may remain the last high for several weeks. Our R/R is extremly high . I am short myself below 61.78 ( Just 1 USD per share at risk). We trade objectively and set our protective buy stop when we go short. Right my friends?
NASDAQ:MRVLShort
by SaeedSajedi
6
Art of Option Trading..!While may suffer from a huge loss this week I find opportunities for my private followers to benefit from corrections! most of my followers close their positions with 100-200% gain in less than 24hrs! Those who have early access to my trading ideas have the chance to perform better. Don't you believe it? Check my recently private post: If you are interested to have early access to my trading ideas, check the signature box below the post for more information.
NASDAQ:MRVLShort
by Moshkelgosha
2
MRVL continues it's path down to 34 USD supprt zoneIt seem that MRVL has completed its corrective wave B (at 0.786 retracement) and continues it's path down to its first support zone at 34 USD below the low of wave A. Conditions which confirm or invalidate this analysis has been shown on the chart. There are two support zone at 34 and 29 USD. These two price reversal zones (PRZ) have been formed by two different types of Fibonacci (Projection and extension). Stochastic indicator in both daily and weekly time frames is currently bearish. I will show you how to choose between two mentioned support zones to enter into the trade (go long) based on internal structure of wave C when it shows its pattern. Wish you huge profits!
NASDAQ:MRVLShort
by SaeedSajedi
6
Keep it on your watchlist I love the patterns that repeats themselves many times. Marvel has a predictable pattern of Sharp move following by a micro consolidation and touching the 50 EMA which follows by another sharp move! Wait for breaking above for conformation..! Always do your own research before entering any trade and manage your risk This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..!
NASDAQ:MRVLLong
by Moshkelgosha
4
MRVL ER run up MRVL Technology is a semi conductor company that has been lagging behind this week with other semis like NVDA having nice rallies. Great company with continued growth in the 5g and cloud computing segment. Looking at this for a potential swing with ER approaching early March. In a nice uptrend since the pandemic hit and currently in a 2-3 week downtrend channel to complete a nice bull flag. Watching for a breakout of the downtrend with a significant increase in volume for a confirmed reversal. Looking for a break and hold above 51.60 for an overall move up to retest ATH at 55.80. Over that I'm looking at a push to my wave 5 target at 62. Ways to Play this 1. Buy Shares and hold long term - low risk low reward 2. Load on the dip before the rip (load zone: 48-51), scale in with option contracts w/ couple month out expiration 3. Wait for the breakout (confirmed reversal) of 51.60 to load up couple month out contracts Options to consider 55C 3/19 1.84 (low risk: medium reward) 50C 2/19 1.66 (medium risk: high reward) 51C 2/19 1.15 (medium risk: high reward) 55C 2/19 .23 (Lotto)
NASDAQ:MRVLLong
by jUiCE_Trades
14
$MRVL Pennant Breakout Long$MRVL Pennant Breakout Long $MRVL 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 $.40
NASDAQ:MRVLLong
by UnknownUnicorn7308096
2