Looming AI Power Stock?

28 May

MRVL The Chip Designer Company is a must watch stock especially this week with the upcoming earnings report.

This is my strategy:

Using Bollinger Bands and Fibonacci Retracement, we see a consistent trade volume and slight increase in volatility as the price drops below the SMA and nears the lower band. The price is currently $76.68. We can expect it to reach a price target of $77.75 (test strategy here) for uptrend confirmation.