Marvell Technology Inc (MRVL)

[cutterscnr]

Newbie, I would not count on S2's TA OR Lakers positive post after positive post to make you money in this stock. None of the Wave theory or MACD interpretation has paid off. At some point it might, but not until MRVL has really washed out which it might do here at the end of the year. The problem is clearly management and I do not think they care to be public. They are rich.....who cares. They have their own agenda. Just bought here .90 1/2 scalp position. Not long term.

The fact MRVL long term support is broken is not a good sign. It could just as easily move lower as find support here, now being below trend. Volume nothing special at this point either. Neither side seems to care, but the buyers are not placing bets yet. It needs to close above 14 or it will dribble lower.