Intraday Technical Analysis Of Marvell Technology Group Ltd - May 29

Today’s instrument is the Marvell Technology Group Ltd‘s stock traded in Nasdaq exchange under the ticker (MRVL). 

Marvell

Looking at the MRVL‘s chart, we can see that it was lastly traded at around $65.50, after the magnificent run of more than 30% which was supported by both the better-than expected quarterly results and outlook, and the debt-ceiling optimism, which was achieved yesterday.

Today there is a holiday in the US, and tomorrow we should expect a further increase on share price, but a correction could happen during the trading day, towards the level of $60.

From all of us here, we wish you successful and responsible trading. 

AAATrade's Intraday Technical Analysis of Marvell Technology Group Ltd - 29/05/2023

 


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