Verified Investing on $MRVL (Nov 9, 2026)
Already long MRVL, down about 50% in the last week and a half, in a descending parallel channel. It may bottom near 140 or drop another 10% to about 125 first, but a massive bounce is expected once it turns, with a fib retrace that could reach $200; whether the low comes here or at 125 is unresolved.
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One of my favorites that I'm already long is MRVL. Beautiful descending parallel channel. We tagged the underbelly and you have a very close pivot point here. So, we could go as low as maybe 125, but at some point, MRVL, which dropped basically 50% in the last week and a half, is slated.
We should see a massive bounce when this finally bounces.
The question, I guess, is is does it bounce off the parallel here, or does it come down to 125 first, then get its big bounce? But I'd be looking for like a fib retrace on this.
So, I mean, if you go to your high pivot here, you know, you could be looking at a move back to $200 on this, which would also be this pivot low. Would not shock me. The question again is, does it bottom here at 140ish or does it go down another 10% to about 125 before it puts in that low?
What this channel has said about $MRVL
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