Hi,
MRVL, is a company dedicated to high-tech wireless and installation of 5G networks and listed on the NASDAQ.
We observe in the chart how after the completion of a wave two in 2016 it experiences a rise until it reaches a top of impulse wave three in March 2018 and then executed a severe correction in waveform 4, It then bounces off the ground and price level 14.28 to go find your fibo cycle extension at 561.8% and price level 28.82 reaching in turn a price and cycle top.
My forecast is that the price of this stock will rise until it reaches the upper axis of the large ascending channel.
The question is: will be able to reach the upper axis of this channel by overcoming the 561.8 fibo of the extension or upon completing your corrective a b c this last segment of climb will bounce towards the bottom of the channel?
Cheers
MRVL, is a company dedicated to high-tech wireless and installation of 5G networks and listed on the NASDAQ.
We observe in the chart how after the completion of a wave two in 2016 it experiences a rise until it reaches a top of impulse wave three in March 2018 and then executed a severe correction in waveform 4, It then bounces off the ground and price level 14.28 to go find your fibo cycle extension at 561.8% and price level 28.82 reaching in turn a price and cycle top.
My forecast is that the price of this stock will rise until it reaches the upper axis of the large ascending channel.
The question is: will be able to reach the upper axis of this channel by overcoming the 561.8 fibo of the extension or upon completing your corrective a b c this last segment of climb will bounce towards the bottom of the channel?
Cheers