Marvell Technology: ⬇️ Sell
– Marvell Technology reversed from resistance level 320.00
– Likely to fall to support level 280.00
Marvell Technology recently reversed from the resistance zone between the resistance level 320.00 (which stopped the previous impulse wave 1) and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Shooting Star.
Given the bearish divergence on the daily Stochastic indicator, Marvell Technology can be expected to fall to the next support level 280.00.