Jun. 20 at 5:27 PM
$MRVL
Here's my take. Buy Zone ~
$66–67. Sell Target ~
$75 (Identified as short-term resistance). Event-Driven Spike to
$77.32 was because MRVL briefly overshot on the AI webinar excitement. Now we've pulled back after the news pop.
$75 was a technical ceiling based on prior resistance and consolidation. When the stock spiked to
$77.32, it was driven by short-term AI hype after their Custom AI event. That move couldn’t hold, confirming that
$75 was the right place to take profit on a swing. If you’re still on the sideline, don’t chase here. Let it drop to ~
$72–73 again if market weakens — that’s your next potential entry. Or, wait for a true breakout above
$78 with volume for a higher-conviction entry.
