Looking to enter long on a clear breakout above $70.13 (today’s high).
• Entry: Above $70.13
• Stop-Loss: Below today’s low (~$68.50) to protect capital
• Target: $90.35 – per analyst consensus (~+30%)
✅ Why:
📈 Trendline bounce & momentum: Price holding strong above an ascending trendline from April suggests buyers are stepping in.
🏢 AI-chip catalyst: Marvell’s custom ASICs are gaining traction with Amazon, Microsoft, and Google—data-center demand is surging.
💰 Analyst confidence: Consensus is “Strong Buy” with average targets between $90–$94 (some as high as $133).
🧩 Market & Sector Tailwinds: AI chip stocks rallying; Marvell poised as lower-cost custom-chip alternative to Nvidia—and undervalued vs peers.
*** Be sure to follow us for more trade setups! ***
• Entry: Above $70.13
• Stop-Loss: Below today’s low (~$68.50) to protect capital
• Target: $90.35 – per analyst consensus (~+30%)
✅ Why:
📈 Trendline bounce & momentum: Price holding strong above an ascending trendline from April suggests buyers are stepping in.
🏢 AI-chip catalyst: Marvell’s custom ASICs are gaining traction with Amazon, Microsoft, and Google—data-center demand is surging.
💰 Analyst confidence: Consensus is “Strong Buy” with average targets between $90–$94 (some as high as $133).
🧩 Market & Sector Tailwinds: AI chip stocks rallying; Marvell poised as lower-cost custom-chip alternative to Nvidia—and undervalued vs peers.
*** Be sure to follow us for more trade setups! ***
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.