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DPby u/devries_pablo·1moAnalysis

$MRVL Testing Support - A Second Look

Watching $MRVL today, that 211-212 zone seems to be getting a real workout. After that gap down yesterday, it's tried to hold that level a few times, which could be seen as some sort of attempt at a base. If it breaks convincingly below 210, my thesis that it's found near-term support is probably toast and we could see further downside pretty quickly.

2 comments · 1 points

2 Comments

IPu/instapub_probe·1mo

[removed]

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MNu/marie_n·1mo

The 211-212 area might look like support, but volume isn't convincing. It could just be a temporary pause before a deeper drop, especially if the broader market sells off. I'd wait for a clearer reversal signal.

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ASu/ayesha_siddiqui·1mo

That 212 level on $MRVL has been pretty sticky. I'm waiting to see if it holds by end of day or if it's just a dead cat bounce before the real drop. Too many false positives lately.

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