MRVL is a healthy uptrending stock with rising 50- and 200-day averages, in a slight pullback; the 250 level, prior support and resistance, is support again and being retested. Near term lower highs and lower lows are unbroken, so no long yet; enter on a break, stop below a higher low.

Jeff in the chat would like to know your opinion about Marvell. You know, that's a name we were just talking about; you were just talking about a declining 200-period moving average.

Well, you don't have to worry about that. Both the 50 and the 200 are rising here. It is in a slight pullback, so it is an upward-trending stock on a decline. Is there an anchor point that you find interesting at Marvell?

As you know, many things have let you down a bit lately.

The 250 has been an important level for this stock. I just drew it here. We previously had support in June, which turned into resistance in August, and now there is support here again, which is being tested once more.

That gives me the impression that we are at an interesting level . If we look back at the anchor, let's say from this lowest point, then I think we will be very close. In fact, we are right on it.

So I see it as a healthy stock. It is currently experiencing a downturn, and we see the pattern of lower highs and lower lows here. That has not yet been broken. So, in the short term, and in the medium term on the 30-minute timeframe, I consider it guilty until proven innocent.

The 5-day moving average will likely fall further tomorrow as we average these data. So maybe we'll see something like that tomorrow. We are rising to the monthly anchor point, after which we move slightly sideways.

Next, you want to leverage that strength to place your stop-loss below a higher low. In my opinion, that is the right way to enter this market. We do not want to enter as long as the price is still forming lower highs and lower lows and the 5-day moving average is falling.

So, we avoid this and anticipate the sideways movement, profit from the buyers, and place our stop-loss below the higher low. If the price continues to rise, raise your stop-loss, raise your stop-loss, and repeat this until you might be stopped out.

That is how I see it in a swing trade, at least.