MRVL Double Bottom Retest, Get ready for a week of profitIn MRVL accidently, but its setting up now so IM holding. Target ~$41.00
MRVLD trade ideas
MRVL - Can it go higher?Marvell is sitting right around its previous all time highs. There is clear MACD and RSI divergence on the daily chart. A bearish engulfing candle on July 13th looks like we may have a selloff here pretty soon OR this was just consolidation. Hard to tell right now but momentum looks weak so I will be looking for a break to the downside OR upside.
Disclaimer: This is not financial advice. Do your own research and trade wisely. Good Luck!
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 GROUP StrategyHey people, MARVELL TECH GROUP is a really important moment in its history, yes we have exceeded its most in historistics !! Here is my chart its just remains my perception on its history, in the end of the session an attempt of the sellers aborted on a large volume of purchase.
MARVELL TECH GROUP is in a stabilization zone which tried to break we can have to make a second attempt the session that comes. big breakout potential to go up in a new one.
Please LIKE & FOLLOW, thank you
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 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.
