0ACJ trade ideas
MRVL showing some positive signs - Bullish engulfing pattern (outside day)
- Bullish divergence (RSI)
- Bouncing on 200DMA
- Gap should provide additional support
8 Years to breakout that areaFocusing on 06 Nov 2017 (Red arrow) the price open with a gap, not too big but in a key point and some weeks later the price imposes a big green weekly candlestick closing above the 21.00 area and even more recently the price make a pullback and it test in two occasions the new support (Red arrow)
Is more easily to understand watching the chart, that try to explain.
Generally I do not rationalize. But I can not publish in white!
ASCENDING TRIANGLE Ascending triangle getting to breakout or breakdown point. Last 3 days have had higher volume.
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
Marvel long until 11$ with stop loss at 9.55$
Marvel is out of 9.55$ , the last support line.
The next step without bad news is 10.91$ . I am long but have a stop loss at 9.55 $ if i am wrong.
The stochastic slow strategy is stable and the percent profit is high at 60 Days calculation.
MRVLPrice hit SHARK target, but the whole maket is seeing this IHS and price just may continue along that path. Not the top of the tgt 1.16 is very near the neckline. I'll wait to try long again when the neckline is taken out.
MRVL 20% upside projectionTechnical action indicates a move higher, chewing through resistance over time just overhead and working up to the $14.50 heavy resistance area.
Tim 2:28PM EST, Aug 16, 2012
note: I saved this chart last night, but with CSCO's earnings up I thought it would make this stock gap-up.
