📉 Great businesses don’t always come with great prices. But sometimes, they finally do.

I’ve been watching Marvell Technology (MRVL) for a while.

Fundamentally, I remain bullish.

Marvell is one of the key beneficiaries of the AI infrastructure cycle. Its custom AI chips, networking solutions, and high-speed interconnect products continue to benefit from growing AI data center demand. The market also expects enterprise AI spending to remain strong over the next few years.

However, even great companies go through corrections.

Now, MRVL is approaching an area that has caught my attention.

Why I’m interested:

📍 Price is approaching the 0.618 Fibonacci retracement, which aligns with a major daily support.

📍 The Daily EMA100 and 4H EMA200 are converging in the same area, creating a strong technical support zone.

📍 Daily volume has been declining during the pullback, suggesting selling pressure is fading rather than accelerating.

📍 RSI has fallen near the oversold region.

My plan

I plan to add to my long-term satellite position around this support area.

For leveraged trades, I’ll remain patient.

I’ll only consider a long position if price forms a Higher High + Higher Low structure and successfully breaks the current downtrend line.

For me, fundamentals decide what to watch. Price decides when to buy.

I’d rather miss the first part of the rally than buy before the market confirms my idea.

💬 Would you start accumulating MRVL here, or wait for a confirmed trend reversal?

#MRVL