$MRVLon Buyers Still Holding Control After Massive Rally
$MRVL has already delivered a strong move from the lower zone and is now consolidating near the highs instead of showing a sharp rejection. That is usually a sign that buyers are still defending their positions.
The recent pullback looks healthy, and if the current support zone continues to hold, another expansion move toward higher levels is possible. Volume remains strong and price is trading close to resistance, which often attracts breakout traders.
Trade Setup (Long)
Entry: $318 - $322
TP1: $335
TP2: $350
TP3: $370
SL: $307
A break and close above $330 could trigger the next bullish leg. Until then, patience and proper risk management remain important.