MRVL is stuck in a gray area with a hard-to-read chart and no buy signal yet amid a challenging, negative market, with price possibly heading toward 222. The chart is still fantastic; a buy signal is expected soon and a rise from 222 to maybe 330 or 300 within the next month or two.
Jump to any passage
Marvell's stock is stuck in a gray area. The chart for this stock is difficult to read. We have a sell signal at $2300. The price appears to be heading towards 222, and 223 appears to be its lowest level today.
It could also be argued that it deserves to be within its own small upward channel . Good?
Marvel's arrow is fantastic. It has been a huge source of profit for us throughout the year. I expect it to rise again , but the market is currently facing many challenges and negativity .
We have no buy signal yet. But I bet you if I come back here in six or eight hours, I'll find a buy signal here, and the price will immediately go up from 222, I don't know, to maybe 330 or 300.
It will take some time, but within the next month or two , it's likely to happen.
What this channel has said about $MRVL
InvestAnswers has 12 calls on this stock; only the adjacent ones are shown.