We already did the big breakout move on MRVL. Now we're in the second chapter — the pullback and hold setup. This is actually a better entry than chasing the initial breakout.
Stock ripped nearly 100% in two weeks, pulled back, and found support right at the 9 EMA. That's exactly how a healthy momentum stock behaves. The pullback shook out weak hands. The base is resetting. I have a swing position on with a stop at $260.
─────────────────────────────────
WHAT CHANGED SINCE THE BREAKOUT
─────────────────────────────────
Three things happened after the initial move that make this hold even more meaningful.
Nvidia CEO Jensen Huang publicly called Marvell Technology "the next trillion-dollar company." The stock spiked more than 30% on that comment alone. When the most important person in the semiconductor industry points at a stock and says that publicly, you don't fade it on a pullback — you look for re-entries.
On June 8 Marvell was officially added to the S&P 500 effective June 22. That's a forced buying event. Every S&P 500 index fund on earth has to own this stock before the close on June 22. That's trillions of dollars in passive capital that must purchase MRVL on a specific date regardless of price. Hard catalyst. Hard date. Calendar it.
Marvell also just launched the Teralynx T100 — a 102.4 terabit per second switch chip built specifically for AI and cloud fabrics with 25% lower power consumption and industry-leading latency. That goes directly at the AI networking bottleneck every hyperscaler is trying to solve.
CFO transition was announced today — and the company simultaneously reaffirmed its Q2 guidance. Management putting out a reaffirmation the same day as a CFO change is a deliberate confidence signal. CoinDesk
─────────────────────────────────
THE SETUP
─────────────────────────────────
Classic momentum behavior — parabolic run from $165 to $316, violent snapback into the $260s, now stabilizing. The EMA clouds held. The 9 EMA held. The stock is starting to come out of the consolidation range with buyers stepping in at the lows. Yahoo Finance
This is the pullback-and-hold setup after a confirmed breakout. Better risk/reward than the initial entry because the stop is tighter and the fundamental story got bigger while the price came in.
─────────────────────────────────
TRADE PLAN
─────────────────────────────────
Entry: Swing position on — holding through the 9 EMA base
Stop: $260 — below the 9 EMA support
Hard catalyst date: S&P 500 inclusion effective June 22
Pattern: Breakout pullback and hold
─────────────────────────────────
THE RISK
─────────────────────────────────
MRVL is not cheap at these levels. Broad market pullback hits extended semis hard and fast. CFO transition is a wildcard even with guidance reaffirmed. Stop at $260 is non-negotiable — if that level breaks the pattern is broken.
Stock ripped nearly 100% in two weeks, pulled back, and found support right at the 9 EMA. That's exactly how a healthy momentum stock behaves. The pullback shook out weak hands. The base is resetting. I have a swing position on with a stop at $260.
─────────────────────────────────
WHAT CHANGED SINCE THE BREAKOUT
─────────────────────────────────
Three things happened after the initial move that make this hold even more meaningful.
Nvidia CEO Jensen Huang publicly called Marvell Technology "the next trillion-dollar company." The stock spiked more than 30% on that comment alone. When the most important person in the semiconductor industry points at a stock and says that publicly, you don't fade it on a pullback — you look for re-entries.
On June 8 Marvell was officially added to the S&P 500 effective June 22. That's a forced buying event. Every S&P 500 index fund on earth has to own this stock before the close on June 22. That's trillions of dollars in passive capital that must purchase MRVL on a specific date regardless of price. Hard catalyst. Hard date. Calendar it.
Marvell also just launched the Teralynx T100 — a 102.4 terabit per second switch chip built specifically for AI and cloud fabrics with 25% lower power consumption and industry-leading latency. That goes directly at the AI networking bottleneck every hyperscaler is trying to solve.
CFO transition was announced today — and the company simultaneously reaffirmed its Q2 guidance. Management putting out a reaffirmation the same day as a CFO change is a deliberate confidence signal. CoinDesk
─────────────────────────────────
THE SETUP
─────────────────────────────────
Classic momentum behavior — parabolic run from $165 to $316, violent snapback into the $260s, now stabilizing. The EMA clouds held. The 9 EMA held. The stock is starting to come out of the consolidation range with buyers stepping in at the lows. Yahoo Finance
This is the pullback-and-hold setup after a confirmed breakout. Better risk/reward than the initial entry because the stop is tighter and the fundamental story got bigger while the price came in.
─────────────────────────────────
TRADE PLAN
─────────────────────────────────
Entry: Swing position on — holding through the 9 EMA base
Stop: $260 — below the 9 EMA support
Hard catalyst date: S&P 500 inclusion effective June 22
Pattern: Breakout pullback and hold
─────────────────────────────────
THE RISK
─────────────────────────────────
MRVL is not cheap at these levels. Broad market pullback hits extended semis hard and fast. CFO transition is a wildcard even with guidance reaffirmed. Stop at $260 is non-negotiable — if that level breaks the pattern is broken.
Transaction en cours
Goood Start tightening up my stop to 280 
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗bullsonwallstreet.com/live-60-day-bootcamp
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.