MRVL
📈 A bullish divergence pattern is identified on the chart, suggesting a potential short-term price increase after a recent dip.
🎯 Key resistance is noted around the $70 level, indicated by the volume profile, representing a likely area where sellers might emerge.
⏳ The analysis suggests holding the position if entered recently, waiting for a potential move towards the moving average or the $70 resistance zone before adjusting stops.
@marcosemmimfp:
“Ah, Marvel, I understood anything. Marvel Technology, dyslexia at its finest, bad. 955, it said Marvel, I had read anything, I apologize profusely… And here you have divergence, yes. If you took an entry yesterday, great. You’re going to make a barbecue. Uh, and notice at 70, at 70, it seems to me that people will want to sell because you have a volume profile, and most likely, if this continues to rise, it will go look for the moving average. So if you have it, uh, don’t adjust a stop yet, wait for it to reach those zones, and if the rebound happens in general.”
Watch the exact part of the video where @marcosemmimfp talks about Marvell Technology, Inc. here:
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Read more articles analyzing Marvell Technology, Inc. (MRVL) at the following link. MRVL stock.
