MRVL Massive 15-Years Symmetrical Breakout Targets Ahead

31 lug

Marvell Technology (MRVL) has just completed a monumental breakout from a 15-years symmetrical triangle, a rare and powerful long-term accumulation structure. This type of macro consolidation typically precedes a major directional expansion, and in this case, the breakout confirmed bullish continuation.

Currently, MRVL is forming a rising channel structure, with price bouncing cleanly from the lower boundary confirming demand and the continuation phase of the macro move.

The 1:1 projection from the symmetrical triangle gives us a clear target trajectory, with the final leg potentially extending to $229, aligning perfectly with the upper boundary of the rising channel.

In the short to mid-term, the ideal buyback opportunity rests near $67.50, should the market retest previous breakout support or the lower boundary of the channel once more. This zone offers asymmetric risk-to-reward potential for long-term investors and swing traders alike.

Key Targets
📈 $67.50 – Buyback Opportunity Zone
📈 $229 – Rising Channel Top / 1:1 Expansion Target

A breakout this large is no coincidence, it’s backed by years of price compression and institutional positioning. Now is the time to watch closely.

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2 ago

Trade attivo

Our attention should be on the buy back zone for long opportunity.