Nov. 14 at 11:27 PM
$MRVL is currently trading at
$86.45, with an RSI of 46.48 indicating a neutral momentum. The 30-day moving average (MA30) is at
$88.47, suggesting a potential resistance level, while the 50-day moving average (MA50) at
$83.27 provides support. The recent high of
$98.13 and low of
$61.44 over the past 60 days indicates a significant range, with current price closer to the middle.
Directional bias is slightly bearish due to the price being below the MA30 and the RSI indicating a lack of strong buying momentum.
Suggested entry point:
$85.50, just below the current price to capture a potential bounce. Stop-loss:
$82.50, below the MA50 for risk management.
Targets: First target at
$88.50 (near MA30), and a second target at
$91.00, which is a psychological resistance level.
Monitor for any changes in momentum or news that may affect price action.
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