19MW trade ideas
MRVL ER run up MRVL Technology is a semi conductor company that has been lagging behind this week with other semis like NVDA having nice rallies. Great company with continued growth in the 5g and cloud computing segment. Looking at this for a potential swing with ER approaching early March. In a nice uptrend since the pandemic hit and currently in a 2-3 week downtrend channel to complete a nice bull flag. Watching for a breakout of the downtrend with a significant increase in volume for a confirmed reversal. Looking for a break and hold above 51.60 for an overall move up to retest ATH at 55.80. Over that I'm looking at a push to my wave 5 target at 62.
Ways to Play this
1. Buy Shares and hold long term - low risk low reward
2. Load on the dip before the rip (load zone: 48-51), scale in with option contracts w/ couple month out expiration
3. Wait for the breakout (confirmed reversal) of 51.60 to load up couple month out contracts
Options to consider
55C 3/19 1.84 (low risk: medium reward)
50C 2/19 1.66 (medium risk: high reward)
51C 2/19 1.15 (medium risk: high reward)
55C 2/19 .23 (Lotto)
$MRVL | Bull Flag Watch For Continuation$MRVL formed a bull flag. Watch for continuation to the upside. A breakout should push price much higher.
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
Good luck!
$MRVL - $52 for a reversalSet an alert at $52 which would convince me of a reversal.
This may need a couple of sideways days to curl back up to the $52 level.
Earnings are near so buyer be ware
$MRVL - Long via callsNice channel that it has bounced from a multitude of times. Targeting $55 again
$MRVL - megaphoneit’s in a strong support area. ATR is the only contra-indicator on this one.
5/10 bull on this one
alert set for $53.87
MRVL breakout with sector hot!NASDAQ:MRVL breaking above and held $48.45. Should continue with semiconductors hot. SL $48.35
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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If you like the idea, do not forget to support with a like and follow for more trading opportunities.
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.
