MRVL

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MRVLMarvell Technology, Inc.BATS:MRVLIbrahimTarekTechnical Overview Current Price: Around $67.35 Major Uptrend Line: A long-term rising trendline from 2019 remains intact, supporting the broader bullish structure. Key Support & Buy Zones Primary Buy Zone: $63.34 – $61.44 This zone aligns with historical price congestion and the major uptrend support. Secondary Buy Zone: $50.86 – $50.73 Deeper support from previous accumulation areas. Stop Loss: A daily close below $46 would invalidate the bullish setup and signal potential trend reversal. Resistance & Target Levels Target 1: $92 Strong historical resistance; a break above this level could open the door for further upside. Target 2: $127 The previous all-time high area and next major upside objective. Trend & Momentum Trend: Despite recent volatility, the long-term structure shows higher lows, indicating the primary trend is still up. Momentum: The stock recently bounced from the buy zone near $63, suggesting buyers are active. Sustaining above $63 is key for the next bullish leg. Trading Strategy Idea Aggressive Entry: Accumulate near $63–61 with a stop below $46. Conservative Entry: Wait for a clear break and daily close above $70 to confirm renewed momentum toward $92. Summary: Marvell Technology remains in a long-term uptrend with critical support at $63–61. Holding above this zone favors a move toward $92 and possibly $127, while a close below $46 would negate the bullish outlook.