October 29, 2020

TAKE PROFITS ON SEMICONDUCTOR COMPANY MARVELL

Those who were fast have nice profits on Marvell Technology (MRVL) in a short time. It is intended to be a medium-term position. However, if the market does not react well to big tech earnings after hours, this stock is likely to fall back into the buy zone. The stock has moved up to $38.24 as of this writing. It is likely to experience resistance in the zone of $39.40 to $40.20.

Depending upon personal preference, there is merit to taking profits in the zone of $38 to $39.40 with a plan to re-enter the position on a dip into the buy zone.

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October 29, 2020

MORE ON SEMICONDUCTOR COMPANY MARVELL — A 5G PLAY

Marvell Technology (MRVL) is a semiconductor company. It is buying Inphi Corporation (IPHI). This will make Marvell a big player in data centers. Demand for the chips from IPHI is likely to increase as more data is stored in data centers due to 5G.

Strategically this is a good acquisition for MRVL. However, MRVL is paying a very high price. This is the reason that MRVL stock has fallen.

The new buy zone is $32 to $36.67. The medium-term target zone is $46 to $52. This may turn into a long term position with a higher target.

The stock was on its way to falling to about $33 when it got pumped on TV.

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October 29, 2020

A NEW IDEA ON SEMICONDUCTOR COMPANY MARVELL — A 5G PLAY

This is suitable only for aggressive investors. The buy zone is $34 to $35.76. It is trading at $35.33 as of this writing. The maximum recommended quantity is 20% of full core position size. Marvell (MRVL) is a medium-term position. More later so this post can get to you quickly.

This post was published on ZYX Buy Change Alert.

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October 29, 2020

MOMO BUYING CUSHIONS THE STOCK MARKET DROP, FRANCE LOCKDOWN, WHAT TO DO NOW

To gain an edge, this is what you need to know now.

Momo Cushions The Drop

Please click here for a chart of Nasdaq 100 ETF (QQQ).

Note the following:

We have previously written several times that this momo crowd is likely to keep on buying until they suffer massive losses.
This call about the momo crowd is proving spot on. The momo crowd is aggressively buying the dip.
The momo crowd buying is cushioning the drop in the stock market.
The VUD indicator is the most sensitive measure of net supply demand in real-time. The orange indicates net supply and the green indicates net demand.

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October 29, 2020