https://preview.redd.it/zqp96bj3abwg1.png?width=1894&format=png&auto=webp&s=4340e8e8a4583b54c8f6f9b27c6c0168ec98d0ba
I’ve been looking at MRVL recently and the structure looks pretty clean overall.
It spent roughly a year moving in a range, and now it’s starting to move out of that zone.
If you take the height of that range as a reference, it could point somewhere around **160**, although that’s more of a rough projection than anything precise.
At the same time:
* There’s a **double bottom around \~100** that seems to have held
* Since then, price has been making higher highs and higher lows
* Still above the 50 EMA, with the 200 EMA below → overall structure looks stable
Momentum also doesn’t look weak:
* RSI is trending up
* MACD is gradually expanding
The main level right now looks like the **121–123 gap area**.
Price is testing it, so this could be an important spot.
* If it stays above → continuation toward 140+ becomes more likely
* If it pulls back → a move toward \~100 (previous breakout area) wouldn’t really break the structure
Overall, it doesn’t look like a random spike.
More like a gradual breakout that could develop further if it holds up.
Just sharing what I’m seeing on the chart — curious how others are reading it.