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MRVL

MRVL DCA - Rectangle PatternCompany: Marvell Technology Group Ltd. Ticker: MRVL Exchange: NASDAQ Sector: Technology Introduction: Greetings, fellow traders and investors! Today, we're diving into the daily scale chart of Marvell Technology Group Ltd. (MRVL), particularly observing a potential rectangle pattern that has formed after a clear downtrend. Rectangle Pattern: The rectangle pattern typically represents a period of consolidation, where price moves within a range between parallel support and resistance levels. It can be a bullish or bearish signal, with the trend direction determined by the eventual breakout. Analysis: Marvell Technology's stock has been consolidating in a rectangle pattern for about 225 days, with the price currently above the 200 EMA. The upper boundary of this rectangle is at $49.30, while the lower boundary is at $35.67. Both these boundaries have seen two touch points each. Our focus now is on observing if the price can breach the upper boundary. As of now, Marvell Technology remains on our watchlist, showcasing potential for future movement. Should a breakout occur above the upper boundary, we could be looking at a price target of $67.87. This implies a potential price increase of roughly 27.5%. Conclusion: Marvell Technology's daily chart points towards a consolidation phase, characterized by a potential rectangle pattern. A valid breakout above the rectangle's upper boundary could set off a bullish trend, offering a promising long position opportunity. As always, please conduct your own due diligence and consider risk management strategies before making investment decisions. If you found this analysis insightful, don't hesitate to like, share, and follow for more market updates. Happy trading! Best regards, Karim Subhieh
NASDAQ:MRVL
by KarimSubhieh
$MRVL: Bullish setupNice buy signal in $MRVL here, low risk and with ample upside to $51.65-52.65 by the 23rd or sooner... Couple ways to play this, either sell puts OTM, or play it with a call spread (long ATM, short OTM) or put spread ITM (long put at the stop or ATM and short put OTM at the target matching the time duration of the trend), or buy shares. Options offer more granular risk management possibilities and way lower capital allocation for swing trading though, shares offer the possibility of holding past one trend signal and let it run during the next continuation signal that pops. Some food for thought, I suggest reading Tony Saliba's options books to get some more ideas like this. Best of luck! Cheers, Ivan Labrie.
NASDAQ:MRVLLong
by IvanLabrie
Marvell Technology appears to have set a bull trapBased on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of 59.8. If this instance is successful, that means the stock should decline to at least 59.55 which is the top of the larger green box. Three-quarters of all successful signals have the stock decline 1.956% from the signal closing price. This percentage is the top of the smaller green box. Half of all successful signals have the stock decline 3.897% which is the end point of the black dotted arrow. One-quarter of all successful signals have the stock decline 6.432% from the signal closing price which is the bottom of the smaller green box. The maximum decline on record would see a move to the bottom of the larger green box. These are the same concepts for the levels in the red boxes as well. The ends/vertical sides of the boxes are determined in a similar fashion. The trough of the decline can occur as soon as the next trading bar after signal close, while the max decline occurs within the limit of study at 50 trading bars after the signal. A 0.4% decline must occur over the next 50 trading bars in order to be considered a success. Three-quarters of successful movement occur after at least 8 trading bars; half occur within 22 trading bars, and one-quarter require at least 43 trading bars. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
NASDAQ:MRVLShort
by StockSignaler
$MRVL Long Idea - Wyckoff accumulationMarvell Tech Bull case : Wyckoff accumulation pattern with 78 resistance , expect some digestion there and then it's on Phase E where I see 90 and first price target in coming months (green arrow) Bear case : rejected at 78 and "double top" , it's at least back down to test rounded base at 70 zone, break there and it's back to 60 support... Today's flow was very bullish with a buyer of 1/20/23 90 calls and 6/17/2022 77.5 calls . I think this rally is just getting started and my bias is to the upside , I'm long .
NASDAQ:MRVLLong
by FriscoTrades
1
$MRVL Analysis, Key levels & targets $MRVL Analysis, Key levels & targets Here’s another one on my radar… looking for 61.90 —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:MRVLShort
by SPYder_QQQueen_Trading
1
$MRVL Target 1 - 77.90$MRVL Target 1 - 77.90 No position at this time. But this is what I’m looking at… I’ll update as soon as I take a position —————— I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2. —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:MRVLShort
by SPYder_QQQueen_Trading
3
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
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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