Bulls and bears are already clashing at this level. Marvell Technology (MRVL) is quoted at 153.57, down 9.44% for the day and just a step away from its 24-hour low of 149.45.
It’s slid all the way down from 170.26. Chip stocks have been taking a beating, and the hardest part for holders right now is being down 10% without knowing where the bottom is. Put simply: chip stocks are falling across the board, and MRVL is just the hardest hit. At a time like this, nobody is immune.
If I were holding it, I’d sit tight for now—not because I’m confident about where it’s headed, but because I can’t stomach this kind of 10% drop in a single day. But if it climbs back above 170.26, I’d change my mind immediately. That would mean the bears have run out of steam.
MRVL is down to 153.57, just a few steps from its low of 149.45. What do you think—when the U.S. market opens tonight, will chip stocks keep dragging everything down?
$MRVL
#美股 #Market Analysis
It’s slid all the way down from 170.26. Chip stocks have been taking a beating, and the hardest part for holders right now is being down 10% without knowing where the bottom is. Put simply: chip stocks are falling across the board, and MRVL is just the hardest hit. At a time like this, nobody is immune.
If I were holding it, I’d sit tight for now—not because I’m confident about where it’s headed, but because I can’t stomach this kind of 10% drop in a single day. But if it climbs back above 170.26, I’d change my mind immediately. That would mean the bears have run out of steam.
MRVL is down to 153.57, just a few steps from its low of 149.45. What do you think—when the U.S. market opens tonight, will chip stocks keep dragging everything down?
$MRVL
#美股 #Market Analysis