Verified Investing on $MRVL (Oct 29, 2026)

Now we change course slightly towards Marvel, which has not yet announced its earnings. Marvel announced today that it is in discussions to acquire Lite Lumentum, which is already a large company.

So, in order to make such a huge purchase, investors have pushed Marvell's stock price down by more than 13% today, as you can see.

The reason for this is that acquiring Lite will be very good for Marvell's product line and offerings related to artificial intelligence data centers, and will be a truly great addition.

The problem is that it is an expensive company, and Marvell may have to make some share issuances that will dilute the size of the stock or reduce the cost per share, and all investors who currently own Marvell shares will see a decrease in the value of their shares.

So, this is actually not a good thing, guys. This is bad in the short term at least for them to develop and acquire this capital to complete the purchase of "Lite", but if it happens, I think it will be an excellent addition to them.

However, you can see that this decline may offer some buying opportunities. Now, I would like to point out that we have an upward trend line on this chart that has kept the price steady so far.

We have seen one daily closure today. We are likely to fall and see further declines tomorrow, especially since the price movement has already dropped six dollars after trading hours.

I believe the next major support level lies in this $200 area. We have a 50% Fibonacci retracement at 203.04, and then the lower pivot points here in these candles, all heading straight to the $200 level, okay?

Therefore, the $200 range and this 50% bounce will likely provide a near-term bounce tomorrow.

Keep in mind that these trend lines, when they are broken, attempt to move back up to test the trend line, and this is the first point where I see the price doing something like this.

Breaking through these levels happens all the time. Look how, when we were coming down from this previous level, we broke through the 382 level, then we got a bounce, and we broke through again, then we got a bounce.

That could happen exactly with this 50% level, break through it, and look what's down here, guys. Fill the gap here at 193.78. So, I really like this $200 zone for tomorrow. I will keep an eye on it for a possible day trading deal if the opportunity arises.