MRVL Long Breakout Setup, Eyes $90 Target!

101
Looking to enter long on a clear breakout above $70.13 (today’s high).
• Entry: Above $70.13
• Stop-Loss: Below today’s low (~$68.50) to protect capital
• Target: $90.35 – per analyst consensus (~+30%)

✅ Why:

📈 Trendline bounce & momentum: Price holding strong above an ascending trendline from April suggests buyers are stepping in.

🏢 AI-chip catalyst: Marvell’s custom ASICs are gaining traction with Amazon, Microsoft, and Google—data-center demand is surging.

💰 Analyst confidence: Consensus is “Strong Buy” with average targets between $90–$94 (some as high as $133).

🧩 Market & Sector Tailwinds: AI chip stocks rallying; Marvell poised as lower-cost custom-chip alternative to Nvidia—and undervalued vs peers.

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