MRVL is ready to test a new high, bullish on lockdown news

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Marvell Technology, Inc. (NASDAQ:MRVL)

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NASDAQ:MRVL Marvell Technology, Inc.

Marvel 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.

Komen:

I bought in today on some 2/19 150 Cs for MRVL. It's primed and more eyes are on it today.

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