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Marvell Technology (MRVL) – Develops and Produces Semiconductors

Updated: 17 Aug 2021

Another company that on a verge of breaking out to an all-time high.

As the stock already logged 5 up days in a row with significant gains, more aggressive traders might want to quickly take off some of the gains if it breaks above the resistance levels and keep the rest for longer or repurchase again once 10MA (simple moving average) and/or 21EMA (exponential moving average) get the chance to catch up with the price and sustain another leg up.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage . 75 % of retail investor accounts lose money when trading CFDs with this provider . You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money .