Quad Top On Marvell Technology Tells Investors Pullback Is C

The $16.70 level on Marvell Technology Group Ltd. (NASDAQ:MRVL) is a huge quad top resistance point. This means that four times in the past five years Marvell Technology has hit this level, unable to break through. Each time the pull back was an average of 42%. Based on common sense and technical chart study, investors should expect another pull back in the near term off this level. It is suggested that investors keep a conservative downside target on Marvell Technology Group. The downside target is $12.50.







Investors eye stock chart sell on Marvell Technology Group