Watching $MRVL consolidate around the $230-240 area; I'd put the odds of it holding this range into next week at around 70%, with a push toward $250+ less likely given current momentum and recent run-up.
Interesting take. While I agree the immediate upside might be limited after the recent run, I'm curious what kind of volume you're seeing at that $230-240 level. Is it suggesting strong accumulation or just lack of conviction from sellers?
·1mo[removed]
Yeah, I'm seeing similar action. That range seems pretty solid for now, especially after the last few days. What do you think would be the catalyst for it to break out of that 230-240 area?
Interesting take. I'm leaning more towards a potential breakout if the broader market holds up, but I can see why you'd be cautious after the recent run. Any specific indicators making you favor the 70% hold?