MRVL on the 60 minute chart certainly had an impressive run for two days gaining 16%.
The chart however shows the bullish candles are decreasing in range and price is more than
two standard deviations above the mean VWAP and far outside the high volume area of
the volume profile. Bullish volatility fell to close the trading week on Friday afternoon.
My trade plan is to watch MRVL for consolidation and then a retracement of its bullish
move. A cross of the faster green RSI down under the slower red RSI will be the bearish
divergence to be seen to consider MRVL for a short trade.
Kommentera
MRVL continued higher today. Still watching.
Handel aktiv
MRVL sideways. Holding and watching.
Handel aktiv
MRVL moved well today 50% of the long position closed. Will hold the remaining runners past the weekend.
Handel aktiv
Got out before the correction after- hours. Either good luck or good instinct for risk manaegment. Will observe price action tomorrow for possible partial add back.
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