Short term view - MARVELL TECHNOLOGY GROUP LTD : The background trend is clearly bearish.
The background trend is clearly bearish. The movement goes on.The next target is at $15.78, then $14.40. Passing $19.70 would question the continuation of the fall.
Marvell Technology Group is a semiconductor provider of application-specific products. The company is focused on the development of System-on-a-Chip devices, utilizing its technology portfolio of intellectual property in the areas of analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company develops integrated hardware platforms along with software that incorporates digital computing technologies. In storage, the company is engaged in fibre channel products and data storage controller solutions spanning cloud, enterprise, edge and personal computing markets. The company's networking products include ethernet solutions, embedded processors and WiFi connectivity solutions.
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