Sök
Products
Community
Markets
News
Brokers
More
SV
Kom igång
Community
/
Idéer
/
MRVL fell after earnings beat & recovery REVERSAL
Marvell Technology, Inc.
Lång
MRVL fell after earnings beat & recovery REVERSAL
By AwesomeAvani
Följ
Följ
26 aug. 2023
5
Heja
Heja
26 aug. 2023
MRVL a technology stock beholden to the ebbs and tides of both the general markets
and the leaders of the tech sector fell on a mild earnings beat this is to say traders were
disappointed and responded with a 16% sell off from the pre-earnings run up.
I see MRVL potentially suitable for a retracement of half of the 16%. On the 30- minute
chart using both pivots as well as near and intermediate volume profiles I have marked
out important levels upside from the current market. Accordinly, there are three targets
I will close 50% of the position at the first 30% at the second and the remaining 20% at the
third. I see this as an 8-10% overall profit in a swing trade of about a week duration. If
the tech sector recovers next week from this current week, the profit could well be higher.
BULZ
Earnings
earningsbeat
FNGU
MRVL
Oscillators
postearnings
technology
TECL
Volume
Frånsägelse av ansvar
Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i
Användarvillkoren
.