Thursday, March 16, 2006

MRVL - Weakness Due to Delay in Sony Playstation

MRVL closed just $0.25 shy of support at $55.00 and may bounce from that point. However, it's clear that MRVL is going down even at these oversold levels. Look for the right entry point and reversal candle setup to short the stock intraday. It's best to confirm the setup on multiple time frames before pulling the trigger.

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