$MRVL Cup w/ Handle?Looks like we may have about a 6 to 8 week cup w/handle here. I like the way it's shaping up. I'm looking for this to clear the $27.10 level. One for the watch list.
9MW trade ideas
MRVL - Reverse H&S - MacD good - RSI great - easy trade or longHello! - This is a textbook chart for the bulls.
1) Notice the perfect reverse head and shoulders forming in order to test the 28$ highs in the coming month.
2) Notice the MACD signaling a strong buy with the RSI signaling there is more room to run until overbought. - Good volume too.
3) Notice the overall trend in both MRVL and the SnP 500 - there are similar moves only exemplified with the market.
4) semiconductor stock post china phase 1 trade deal and pre 5G phones has major tailwinds and in my opinion - these tailwinds will push mrvl above the $28 price resistance in the next couple months (by March 2020) and once we close above 28 for a couple of trading sessions - we are off to the races.
--I am long mrvl and I expect this stock to double (only 18b market cap now) by the end of 2021
Good setup to go long, Looking to retrace back to 28Fundamentally, MRVL is looking good. Some technical weakness over the last month has provided a good buying opportunity. The left-hand projection is the exact retracement (slope and rate of change) of the move down to current levels. The right-hand projection is the exact retracement of the previous move from the current price level to the $28.35 high on this current chart. I expect the stock to rebound by early-to-mid January especially with everyone sizing into their 2020 5G plays.
Marvell Will suffer in selloffApologies but its hard to be bullish after today's session and the after hours activity, they most bullish thing to do is to do nothing.
It may not matter tomorrow what earnings are like, the Semi's are getting hit hard and unless we get some trade resolution or a few positive tweets there is more downside.
A obvious gap fill is the next target to the downside while lower levels on monthly support is very possible.
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.
$MRVL Remained strong short and bearish pattern targeting 21 I noticed negative divergence with money flow index as yesterday candle was large red bearish candle but MFI going up which indicate that some liquidation happened yesterday suggesting deep down trend ..
$MRVL PUT 24 TARGET 21 AS ITS CLEAR SHORT TREND BEARISH Its educational idea as its clear bearish trend and selling getting more pressure to visit support at 21 or below so we will try new style of ideas by taking Put options after breaking down 24 again then signal will be confirmed and point of profit taking will be 21 lets see this exercise hows its goes..
MRVL - A Long Term 5G PlayOver the next several years, 5G technology will be rolling out across the world. Marvell is key to these upgrades and this will be a base for part of my long term portfolio.
STAYING ON THEy SIDELINES IN MARVELL Everything was going lovely for a few weeks and then they dreaded tweets started to resurface and the temper tantrums have had quite an adverse effects on NASDAQ:MRVL .
Loves the stock previously but it is so sensitive to Mr Trump's tweets I can't touch it.
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.
MRVL Double TopMRVL looks like its about to breakdown from its current levels. It has formed a diagonal double top pattern. In the last 3 daily candles it has formed a bearish harmani and a bearish engulfing back to back days. The next level or resistances are at the target levels stated on chart. I will only want to hold this for two weeks max due to earnings release coming up.
MRVL BreakoutMRVL is completing its round up pattern within its handle formation in "Cup and Handle" pattern on daily chart. This is a potential breakout as it has tested this resistance 4+ times. I believe it will reach old time highs of $25.75 as it completes its handle in its round up pattern. At this level there could be more room for a bigger breakout to the $27-28 level.
$MRVL Profits taken and we await next move in Marvell*****Update******* Our trade has worked out perfectly in MRVL, so we have taken profits and will wait for reentry once the SMH has found some stability. Despite the lovely gains in the last few weeks call buyers have been very active, loading up on calls with a $28 strike. We do find this as a compelling reason to stay long but discipline dictates that profits must be taken, remember "PIGS GET SLAUGHTERED" greed is the devil to traders.
Perfect set-upA beautiful set-up, good Fib support and RSX trend. I'm all out at 22.01.. Maybe a bit early.. But.. Wanted to bank that healthy profit :)
$MRVL 5G adds huge potential growth. Marvell like its peers had a torrid 2018, that has now reversed and optimism has grown over the growth of its networking division and the opportunities that the 5G roll-out will provide to revenue. It is sound company with a good balance sheet and has a reasonable P/E ratio. Large call buying lately has also make this a even more interesting stock. $25 is our target price.
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!
