08/13 Watchlist Hey everyone SamC here, we are going to start posting some set ups for the following trading day of a couple names we are watching. Feel free to ask questions in the comments and give us a follow.
Happy Friday the 13th!
MRVL1 trade ideas
$MRVL with a Bearish outlook following its earnings #Stocks
The PEAD projected a Bearish outlook for $MRVL after a Postive over reaction following its earnings release placing the stock in drift B
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MRVL - GREAT Buy Opportunity, IF ... !!!Hello! Friends,
-This would be a great Buy Opportunity, IF NASDAQ:MRVL breaks up the Daily Resistance line at $47.50 (with a WHOLE DAILY Candle) !!
MRVL earnings play... BOOLISHBreak of triangle with bullish engulfing candle immediately preceded by inverted hammer.
Earnings Monday after close 6/7.
Calls above 49.21 with target price of 52.
**not financial advice
MRVL potential inverse head and shoulders formingMRVL potential inverse head and shoulders forming
Cheap semiconductor play without a destroyed chart (cough cough head and shoulders amd cough cough).
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?
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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!
Marvel -Upward to end the last leg of wave 5Overall in uptrend with many over lapping price action!
Possible is that last leg of impulse wave 5 could be undergoing Ending Diagonal.
Target for Last leg of wave 5 - upper trendline
$MRVL neutral outlook after its earnings #StocksThe PEAD projected a neutral outlook for $MRVL after a negative under reaction following its earnings release placing the stock in drift D
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MRVL Gap Fill to 45.22 - Lots of UoA on MRVL 50 callsNASDAQ:MRVL ready to Gap Fill to $45.22
Lot of option activity today on April/16 48,50 & 55 calls. Calls are 3 days out so lot of time to be right on this.
Volume coming in past 2 days after being oversold from the earnings run up.
CCI trending up as well.
Target 43.86,45.22,46.68 & 49.54
Find more U o A are MarketAction.Live
Keep it on your watchlist I love the patterns that repeats themselves many times.
Marvel has a predictable pattern of Sharp move following by a micro consolidation and touching the 50 EMA which follows by another sharp move!
Wait for breaking above for conformation..!
Always do your own research before entering any trade and manage your risk
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Mrvl breakoutBroke out of a month long downtrend (Yellow line) yesterday on strong volume with the help of CNBC reccomendation.
MacD is merging bullish
OBV is merging
Has room on RSI and MFI
Targets are Fib (greenlines)
stop loss at 51$
$MRVL | Bull Flag Breakout Watch For Continuation [Update 1]In my previous idea I shared a trade within the large flag structure and suggested that a breakout of the flag should push price higher. Price has since broken out of the flag and I expect continuation to the upside.
Aggressive entries can be taken now, conservative entries at the retest of the flag/horizontal structure.
See me previous $MRVL idea below.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
MRVL MARVEL possible reversal to 55$, crystal sphere predictionSee chart. Possible breakout after a further consolidation period between 20red and 50green ema. First target 55$. Stop loss if breaks 50ema.Earnings at the beginning of march, so we may see a run up 2 weeks before the date.
This play is a pre-breakout, pre-pattern, basically I'm tryin to forecast the future here. LOL
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)
