M2RV34 trade ideas
MRVL - 5G PlayMarvell really shifted their focus over the last couple of years. They are and will continue to be a large player in the autonomous driving market and 5G infrastructure. Both of these are long-term growth opportunities, not to mention they have cash for other acquisitions and for research & development.
I am hoping for a pullback around $29.00 to go long. That would be a good entry point and I will most likely hold this one for the foreseeable future regardless of what happens. Good luck!
$MRVL on Long Bullish Trend + Future Growth Potential!Marvell Technology Group Ltd. (NASDAQ: MRVL), a leader in infrastructure semiconductor solutions showed a breakout on a long term bullish trend technically. At a current price of $32.98 per share, if we assess whether it is undervalued stock with future growth, its current EV/EBITDA (TTM) is 56 with FWD EV/EBITDA at 28.71 which is tempting to buy with bullish future outlook, especially 2021-2022 on Nokia and Marvell's partnership on Silicon Technology for 5G, Marvell's Collaboration with Foxconn-Ingrasys, Accton and KIOXIA to Accelerate End-to-End Ethernet Storage Adoption, Marvell and Samsung Partnership to drive Innovation in a New Generation of 5G Infrastructure Products (Long-term Collaboration Targets A Growing Ecosystem of 5G Applications). It is a Strong Buy recommendation and overall consensus based on 21 analysts for $MRVL in the last 3 months.
If you are interested to buy at a lower level, you may check the support level in the chart. I foresee a 3X potential growth of the stock!
Note: The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
I Could've Risked Less And Made MORE! (what?) - 06/08/20 RECAPHi traders,
Starting the week in slight green, which is nice! However, in my (only) MRVL trade I played it "safe" again with distant SL and it actually cost me money! Had I had it closer, my target would've been also closer and I'd walked away with +2%! Anyways...
Trades:
1) MRVL - SHORT @35.19, +1.14%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +1.14%
Total PnL for the week: +1.14%
Good trades,
Tom | FINEIGHT
MRVL SnapbackMRVL is overbought on the stochastic and bollinger bands. It has had 4 consecutive green days and am now looking for a pullback to the $33 range.
MRVL might keep popping off for a whileMRVL just shattered resistance and doesn't seem to want to slow down. Waffled a little today after opening up which might mean it's coiling up for another leg higher. Long it and hold onto your britches
MRVL - Still in Impulse Wave Territory41.60 this is the price-point MRVL will most likely hit before seeing massive correctional activity.
MRVLHS pattern as well as Elliot Wave 3 in play .
Entry: Current level
SL: $24.90
TP1: $39.50
TP2: TBD
Breaks out of consolidation zone andin addition a bull pendant pattern. Maybe a $34-$36 price target?
$MRVL 5G stock on breakout watch
Break above $29 for possible longer term move to $35
Inverse head & shoulders forming
Very low P/E of 11
Company profile
Marvell Technology Group Ltd. engages in the design, development, and sale of integrated circuits. The company offers System-on-a-Chip devices, which leverages technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution. The company was founded by Sehat Sutardja, Weili Dai and Pantas Sutardja in January 1995 and is headquartered in Hamilton, Bermuda.
MRVL - correction on the wayMRVL seems to have finished intermediate wave A of primary wave B. If this scenario holds, its price should fall between the range of 22 to 20, before moving up again ro finish primary wave B. If price crosses up 25.70, this scenario will be void. FOLLOW SKYLINEPRO TO GET UPDATES.
Marvell tech Earnings beat $mrvlEarnings results
Marvell Tech (NASDAQ:MRVL) +10% reports Q4 beats with Q1 guidance that sees revenue of $680M, plus or minus 5%, and EPS of $0.11-0.17. Consensus estimates have $674.87M and $0.14, respectively.
Q4 storage revenue totaled $296.5M (-6% Y/Y) and networking was $376.7M (-3%).
Adjusted gross margin was 62.3%, below the 62.5% estimate.
Cash and equivalents totaled $648M at the end of the quarter.
Source seekingalpha
Marvell 5G playBuy the inverted head and shoulder on the 1h chart or wait for the daily to crash at 20 ?
Marvel on Breakout watchEntry level $28.98 = Target price $31.40 = Stop loss $28.09
Levels of Interest = $27.30
Average Recommendation:BUY Average Target Price:$29.86
21 BUY
00 OVERWEIGHT
05 HOLD
00 SELL
Company profile
Marvell Technology Group Ltd. engages in the design, development, and sale of integrated circuits. The company offers System-on-a-Chip devices, which leverages technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution. The company was founded by Sehat Sutardja, Weili Dai and Pantas Sutardja in January 1995 and is headquartered in Hamilton, Bermuda.
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Marvell - best midcap to play the 5G coming trendMarvell is best midcap to capitalize on 5G deployment acceleration.
A break out to all time highs paves the way for $34
$MRVL Cup w/ Handle?Looks like we may have about a 6 to 8 week cup w/handle here. I like the way it's shaping up. I'm looking for this to clear the $27.10 level. One for the watch list.
MRVL - Reverse H&S - MacD good - RSI great - easy trade or longHello! - This is a textbook chart for the bulls.
1) Notice the perfect reverse head and shoulders forming in order to test the 28$ highs in the coming month.
2) Notice the MACD signaling a strong buy with the RSI signaling there is more room to run until overbought. - Good volume too.
3) Notice the overall trend in both MRVL and the SnP 500 - there are similar moves only exemplified with the market.
4) semiconductor stock post china phase 1 trade deal and pre 5G phones has major tailwinds and in my opinion - these tailwinds will push mrvl above the $28 price resistance in the next couple months (by March 2020) and once we close above 28 for a couple of trading sessions - we are off to the races.
--I am long mrvl and I expect this stock to double (only 18b market cap now) by the end of 2021
Good setup to go long, Looking to retrace back to 28Fundamentally, MRVL is looking good. Some technical weakness over the last month has provided a good buying opportunity. The left-hand projection is the exact retracement (slope and rate of change) of the move down to current levels. The right-hand projection is the exact retracement of the previous move from the current price level to the $28.35 high on this current chart. I expect the stock to rebound by early-to-mid January especially with everyone sizing into their 2020 5G plays.
