$Marvell Technology(MRVL)$ NOV

$Marvell Technology(MRVL)$ NOV20 255C, still actionable here.

Zone: $243.30 to $246.70

Invalidation: close under $237

Objectives: $260, then $275

The math: up 6.1% to the first objective and 12.2% to the second, against 3.3% risk on the invalidation, better than 3 to 1 to the second.

This is a swing idea on a name that still sits well below its high even after a strong year. It closed at 240.42 and was trading near 245 before the open, which tells you buyers are stepping in after that five day slide of almost ten percent. What that means is simple. The panic selling looks tired here, and there is open room back toward 260 and then 275 if it can hold above 237. I like giving it time into late November so one noisy day does not shake you out.

P.S. Watch whether it can stay above 242 once the regular session opens. That level was support in the early read and losing it would change the picture.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":620816782930072,"tweetId":"620816782930072","gmtCreate":1792586139000,"gmtModify":1792634126181,"author":{"id":9000000000000163,"idStr":"9000000000000163","authorId":9000000000000163,"authorIdStr":"9000000000000163","name":"BillyWilliams","avatar":"https://static.tigerbbs.com/f0d9064517bcefca15dc55450b4b9bf7","vip":8,"userType":8,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":161,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"title":"","html":"<html><head></head><body><a href=\"https://ttm.financial/S/MRVL\">$Marvell Technology(MRVL)$&nbsp;</a>NOV20 255C, still actionable here.\nZone: $243.30 to $246.70\nInvalidation: close under $237\nObjectives: $260, then $275\nThe math: up 6.1% to the first objective and 12.2% to the second, against 3.3% risk on the invalidation, better than 3 to 1 to the second.\nThis is a swing idea on a name that still sits well below its high even after a strong year. It closed at 240.42 and was trading near 245 before the open, which tells you buyers are stepping in after that five day slide of almost ten percent. What that means is simple. The panic selling looks tired here, and there is open room back toward 260 and then 275 if it can hold above 237. I like giving it time into late November so one noisy day does not shake you out.\nP.S. Watch whether it can stay above 242 once the regular session opens. That level was support in the early read and losing it would change the picture.</body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/MRVL\">$Marvell Technology(MRVL)$&nbsp;</a>NOV20 255C, still actionable here.\nZone: $243.30 to $246.70\nInvalidation: close under $237\nObjectives: $260, then $275\nThe math: up 6.1% to the first objective and 12.2% to the second, against 3.3% risk on the invalidation, better than 3 to 1 to the second.\nThis is a swing idea on a name that still sits well below its high even after a strong year. It closed at 240.42 and was trading near 245 before the open, which tells you buyers are stepping in after that five day slide of almost ten percent. What that means is simple. The panic selling looks tired here, and there is open room back toward 260 and then 275 if it can hold above 237. I like giving it time into late November so one noisy day does not shake you out.\nP.S. Watch whether it can stay above 242 once the regular session opens. That level was support in the early read and losing it would change the picture.</body></html>","text":"$Marvell Technology(MRVL)$ NOV20 255C, still actionable here. Zone: $243.30 to $246.70 Invalidation: close under $237 Objectives: $260, then $275 The math: up 6.1% to the first objective and 12.2% to the second, against 3.3% risk on the invalidation, better than 3 to 1 to the second. This is a swing idea on a name that still sits well below its high even after a strong year. It closed at 240.42 and was trading near 245 before the open, which tells you buyers are stepping in after that five day slide of almost ten percent. What that means is simple. The panic selling looks tired here, and there is open room back toward 260 and then 275 if it can hold above 237. I like giving it time into late November so one noisy day does not shake you out. P.S. Watch whether it can stay above 242 once the regular session opens. That level was support in the early read and losing it would change the picture.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/620816782930072","repostId":0,"isVote":1,"tweetType":1,"viewCount":197,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["MRVL"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":738,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/620816782930072"}