MRVL breakout with sector hot!NASDAQ:MRVL breaking above and held $48.45. Should continue with semiconductors hot. SL $48.35
9MW trade ideas
MRVL is ready to test a new high, bullish on lockdown newsMarvel is in a rising wedge and has had a healthy uptrend. We can thank DIS for the strong upside. We also can't ignore recent stay at home orders and the unfortunate outlook of a possible 2nd wave covid shutdown in the U.S. More people at home, more people looking for new content to watch. Oh and did we forget DIS announced that movies under it's brand will be released straight to streaming services?
MRVL has to choose a direction very soon. Recent chop has shown it likes the .618 fib making it new support. With higher lows and bullish engulfing on the daily, it's on high alert.
Daytrade: Long MRVL target: $48.10Hi fellows, just one of my today daytrades:
------------------------Trade setup ---------------------------
Entry: 46.98
Stop Loss: 46.74
Profit target: 48.10
Time stop: Exit at market close
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MRVL - S&P500 Inclusion + 5G High growth+ MRVL fundamentals been growing.
+ 5G market is growing.
+ Below the mid point of the regression line on chart
+ Catalyst - S&P 500 Inclusion announcement
- recently downgraded by Summit Insights Buy -> Hold
PT: $50
Stop: $41
MRVLProbably take this if i get it. Clear channel. Support below. About a 4 R when bidding high 38-40. TP 50plus.
Where Is MRVL Not Going?I love this stock. In fact, it was one of our stocks of week. We write these every Sunday to highlight a new stock with great potential for long term holders. So, since I love this stock I don't mind owning it. I sold a short put 45 days out by identifying where price would not go. That is at the $38 level. If does make it there and the option is assigned then I own a great company + premium paid at a discount. :)
The idea here is identify the major trend and as long as price is respecting that trend we sell puts below the support.
Article here : optionsinformants.com
MRVL LONG nice reaction off the support @42.81(needs to hold this which i expect it to do so ). Expecting this to break through its ATH soon. Option flow is mega bullish as well. Follow the smart money
MRVL - November 29, 2020Marvell Technology is a Bermudan-domiciled semiconductor company that has highly anticipated earnings on Dec. 3rd where they're expected to see a healthy increase in Revenue and EPS. Founded in 1995, the company now has more than 6,000 employees and 10,000 patents worldwide and annual revenue of $2.9 billion. With recent consensus from analysts increasing the price target from where it currently sits at $43 to $48 (Craig Hallum)-$55(KeyBanc). Out of 28 analysts, 21 deeming the stock a Buy.
$MRVL Back On Watch ListBack on the watch list. On Oct 22 I had it on and by Oct 29 it had broken down so much I thought the chart was broken and needed time to heal... here we are just about 2 weeks later and it looks strong. I do however, think it's too extended from it's lows to take a position here. I'll set an alert at $40 and look to open a position around there once it turns back up... all TBD. Ideas, not investing / trading advice.
Long trade idea: Entry points for MRVLDon'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?
MRVL New Support?We love this stock and it is apparent by this article we wrote optionsinformants.com
$MRVL coming off a support area?Looks like $MRVL may be bouncing off a support area. It looks like a nice organized pullback. I have an alert set at $41.80 where I'll be looking for a logical long entry to test the last highs. This might be a good one for your watch list.
Ideas, not investing / trading advice.
Marvell Technologies Is Pulling BackMarvell Technologies has been one of the better-performing chip stocks this year. It’s up 52 percent in 2020, while the Philadelphia Semiconductor Index has gained just 28 percent.
MRVL broke out in May, well before most others. It spent the next four months in a long consolidation pattern, grinding higher but not really breaking out. That is, until ripping through a falling trend line on September 28. The stock proceeded to run almost 20 percent before losing momentum. It’s now pulling back and may provide an entry in the next week or so.
The key area to watch could be roughly $38.70 - $39. That’s important because it’s roughly the location of the 50-day simple moving average (SMA).
It was also an intraday high several times September 18-23. MRVL then bounced near that level on September 30, immediately after breaking out. Old resistance became new support. Here's the hourly:
Beneath that, $37 could be important. That was the high in early June and a low as late as September 24.
Fundamentally, the story focuses on 5G networking and cloud computing. MRVL’s next set of numbers are due in early December.
Again, short-term momentum looks bearish. But now could be the time to start setting alerts and planning.
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daily analysis OF MARVELL TECH GROUPHi friends
the daily chart of this market shows with a high probability an uptrend in the coming days
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