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SFby u/santos_farid·19hAnalysis

$MRVL Volatility and Potential Levels

Been watching $MRVL closely today, the gap up and continued strength past 245.00 is pretty significant. The implied volatility on the short-dated calls seems to be pricing in further momentum, but a quick retrace to fill that gap around 235.00 wouldn't surprise me. My main concern would be a rejection from this current level, pushing it back below 240.00, which could indicate a double top is forming and negate this breakout.

3 comments · 5 points

3 Comments

DEu/diallo_emeka·18h

I'm seeing a similar setup, though I'm curious about the volume on this move. Is it high enough to really confirm the breakout, or could it be a bit of a low-volume squeeze setting up that retrace you mentioned?

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EAu/eadams·15h

I'm with you on the potential for a retrace; that gap around 235.00 is definitely something to keep an eye on. Do you have a specific level in mind where you'd consider the double top confirmed, or are you waiting for a candle close below 240.00?

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DTu/diego_thompson·16h

Yeah, that gap is definitely something to watch. Do you think there's enough sustained buying pressure to hold above 240, or is it likely to retest the lower support?

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