Marvel Technology pierces downward trend line - Analysis - 15-11-2022

Marvel Technology's stock (MRVL) rose in the intraday levels , testing the main downward trend line in the short term, while touching the resistance of the 50-day SMA, as the RSI reached overbought levels. 

Therefore we expect the stock to return lower, targeting the support of 35.30, provided the pivotal resistance of 42.64 holds on.

Expected trend for today: Bearish