On March 1, 24 I bought
MRVL (the purple arrow) as the stock broke out into its new 52-week high with relatively good volume after accumulation of nearly 2 months.
I then sold it on March 8, 24 as the stock down 11% after earnings.
It was a hard choice then because
I actually thought about waiting a little longer until the stock will go down the support to sell it. In that case I will lose an additional 4% which is also fine.
But I finally decided to sell for the following reasons.
I then sold it on March 8, 24 as the stock down 11% after earnings.
It was a hard choice then because
- I rarely sell something which is still above its own MA-10
- Also, the stock is right at its MA-10, and just a little above the support.
I actually thought about waiting a little longer until the stock will go down the support to sell it. In that case I will lose an additional 4% which is also fine.
But I finally decided to sell for the following reasons.
- It was among the first chip stocks sold down hard.
- The volume on the down move was very strong, 2 times higher than the volume on break out.
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.
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.