Marvell Technology Inc. (MRVL) presently approaching significant support, able to absorb weekly selling pressures.
From here, (MRVL) can gain strength and push higher to channel resistance, eliciting gains of ~20% over the following 2 - 3 months.
A weekly settlement above this channel resistance would lead to a long-term buy signal into Q4.
Inversely, a weekly settlement below channel support would signal losses of 20% - 30% over the following 3 - 5 months.
From here, (MRVL) can gain strength and push higher to channel resistance, eliciting gains of ~20% over the following 2 - 3 months.
A weekly settlement above this channel resistance would lead to a long-term buy signal into Q4.
Inversely, a weekly settlement below channel support would signal losses of 20% - 30% over the following 3 - 5 months.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Anthony Speciale, founder of Speciale Analysis offers an affordable approach for all traders to grow into their highest potential.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.