MRVL Overbought Reversal Setup
Analyst's reasoning:MRVL completed a Demark 9 setup and then faded it on the weekly candle, blowing through the dashed validation line. Hovering near the top or outside bands for months suggests demand persistence, even if short-term volatility rises around earnings.
Analyst's reasoning:MRVL is framed as a currently working momentum/valuation opportunity, with the key anchor being the +9% after-hours jump. The segment also ties the move to the speaker’s prior call that the hardware name was undervalued and likely to rally.
Analyst's reasoning:I shorted MRVL as an overbought reversal after it ran up quickly and began showing resistance, only adding when the move confirmed it was selling off. I took profits near a support range and stayed disciplined with position sizing so the trade stayed “efficient” rather than drawn out.
Analyst's reasoning:MRVL ran sharply and he trades it as an overbought reversal, taking a short when direction turns favorable and exiting as price approaches the prior support area. The core idea is to avoid getting greedy and instead harvest profits quickly at support.
- 5/13BEAR
- 6/3BULL
- 6/8BULL
- 6/9BEAR