Dec. 25 at 1:32 PM
Actionable Trade Alert for
$MRVL:
Market Context:
$MRVL is currently trading at
$86.49, showing a bearish sentiment with an RSI of 32.27, indicating oversold conditions. The stock is below its 30-day (MA30) and 50-day (MA50) moving averages, which are at
$87.04 and
$87.63, respectively. The 60-day high is
$102.77 and low is
$73.62, suggesting significant volatility.
Directional Bias: Given the oversold RSI and proximity to the 60-day low, there is a potential for a rebound. The stock could bounce back towards the MA30 and MA50 levels.
Suggested Trade Plan:
- Entry:
$86.50
- Stop Loss:
$82.30 (below the recent low)
- Take Profit Targets:
1.
$90.00 (4.3% ROI)
2.
$93.50 (8.1% ROI)
3.
$101.00 (16.7% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio, aiming for a 17%+ ROI on the third target.
For more insights, visit https://privateprofiteers.com.
https://privateprofiteers.com
