Long trade idea: Entry points for MRVL
Updated
Don't let FOMO hit you in the face on this stock.
Long channel trends show the following support levels:
BUY LIMIT @$40.30 if you think the breakout will hold, even though the tech stock run looks like its running on fumes
BUY LIMIT @$30.80 excellent price for a long position, as this company looks to have a good future perspective.
I would recommend 30% investment in the first buy limit, and 70% investment at the second, as the company is a steal for that price.
What are your thoughts?
[newby]
Long channel trends show the following support levels:
BUY LIMIT @$40.30 if you think the breakout will hold, even though the tech stock run looks like its running on fumes
BUY LIMIT @$30.80 excellent price for a long position, as this company looks to have a good future perspective.
I would recommend 30% investment in the first buy limit, and 70% investment at the second, as the company is a steal for that price.
What are your thoughts?
[newby]
Comment
* first buy limit is @37.90
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