Marvell Stock To Move Towards The $68 Resistance Level
| Mar 10, 2022 04:55AM ET
When we look at the Marvell Technology stock (NASDAQ:MRVL) price chart, we see the choppy price action for the past week, falling initially from the $68 range to the $63, the spike up in the $68 and fall again back down to the $62.
This pattern was repeated throughout the week, indicating increasing bearish pressure, controlling and pushing the price below the $68 level. Worth mentioning, however, is the support level's strength at the $62 range, which keeps it afloat. It was last found trading at the $66 range, key resistance at the $68 level, and support at the $61-62 range.
Today we can expect a move towards the $61 support level. If, however, it manages to hold on to the current level, then a move towards the $68 resistance level can be expected.
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