![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWro98wKGClg50NI_Pra5RfZvY9RhTnVcIVPeUCv-v8yd85PMRuxMbaDYbCZwVF6tQJNqdbfNl1UcXgjQtvuFjRTSTfjFv1N1YG7Q7UrSTj3drqyQW-s1zALY54pXTIKQuysOjf9yAOZwe/s320/mrvl.jpg)
After getting a bounce off the 62% Fibonacci retracement of the last swing higher, MRVL has hit resistance from multiple moving averages, and appears to be in a stealth bear flag. This is currently counter to the market and parent sector trends, and if confirmed, suggests a move towards the 12.20s, followed by the 11.20s.
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