Marvell looks somewhat different than the other semis, weekly accumulation just started to enter the positive territory and there's currently a trampoline on mid-term, which means technically the price should go higher. Watch the blue line for support level to hold.
Nota
P.S.There are many other indicators that are being used for this TA, the above snapshot is only an example.
Moreover, I've been doing technical analysis for quite some time, and I'm neither bullish nor bearish, I'm a swing trader who likes TA. And as you should know - always make your own choices.
Trade ativo
MRVL nice trampoline jump has been initiated, it's yet weak bullish setup but MRVL remains amongst the most bullish semis.Nota
There's a slight lack of inflow into Marvell at this moment, weekly trend is currently flat and mid-term is facing the correction which could drag the price a little bit lower to $72-75 area.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.