Marvell Technology Inc. Stock Code MRVL.NAS
Outlook
Price closed below the cloud in the previous trading session, changing the chart outlook to bearish. Conversion line and Base line had a bearish crossover and is hinting at a bearish price trend ahead. Lagging Span is below price of 26 days ago and is below the cloud, confirming the bearish price trend. MACD is bearish. If price can stay below the cloud, it could be heading towards the previous support at $34.91
Strategy
$39.00 Sell
$34.95 Price Target
$42.05 Risk Management Stop
3 weeks Trade Duration
