Analysis: #NASDAQ $MRVL
Case 445 #MarvellTechnologyGroup Ltd. - Revisited
Request by: @AliTheTrader; @Gambiste1
* personal comment to follow *
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#MRVL 1/4
Case 445 #MarvellTechnologyGroup Ltd. - Revisited
Request by: @AliTheTrader; @Gambiste1
* personal comment to follow *
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
#MRVL 1/4
Chart 1
Weekly Chart: May 2020 saw the close/hold above 2014 trendline #resistance, then the 2006 #pivot at 34.21 to record a new all time high. A close/hold above 39.58 target synthetic resistances at 42.14- 45.22 (in between sloping at .....
MRVL 2/4
Weekly Chart: May 2020 saw the close/hold above 2014 trendline #resistance, then the 2006 #pivot at 34.21 to record a new all time high. A close/hold above 39.58 target synthetic resistances at 42.14- 45.22 (in between sloping at .....
MRVL 2/4
..... 43.74). Immediate support is the 2014 #trendline at 30.50 with aggregated buy orders in 2 zones: 29.12- 27.93 and 26.36- 25.02.
MRVL 3/4
MRVL 3/4
Chart 2
Daily Chart: Immediate resistance at 36.46/53 (July 2020 trendline). #Longs at 23.70 and 18.20 with the stop profit raised to 23.90. We shall be taking partial profits at 40.00 (40%), 41.25 (30%) and between 42.12- 45.22 (30%).
$MRVL 4/4
Daily Chart: Immediate resistance at 36.46/53 (July 2020 trendline). #Longs at 23.70 and 18.20 with the stop profit raised to 23.90. We shall be taking partial profits at 40.00 (40%), 41.25 (30%) and between 42.12- 45.22 (30%).
$MRVL 4/4
