Dave Barnhart breaks down trade setups for Bloom Energy and Marvell using dark pool prints and pivot levels. BE turns bullish above 335 with targets into the mid-300s; MRVL has swing bias above 330 with intraday upside into the high 200s-300s range.
Chapters
Good morning, traders. It's Wednesday, July 1st at 4:15 AM. All right, 2 stocks for you today. We've got Bloom Energy and then we've got Marvell. So let's go ahead and have a look. Largest trades in the last 30 days on Bloom, $2 million here at the bottom, right here, June 10th. And so we had this print the next day, we opened, tagged it, started moving up. And then here around June 17th, we have this consolidation of prints. We shot up $1 million at the top, couldn't hold. Tested it a few times, pulled back, and now we're trying again. So let's see, we, we got through all of these prints, and let's see if we can get up to this 345 and maybe make a new high. Otherwise, we can pull back potentially to these prints. Let's see what happens today. On the left-hand side, we've got my Person's Pivots and Camarillo Pivot Boss, and we will look for our intraday trade setups. We're going to be bullish above 335. Let's get above this cam right here. Target $340, $345.85 is this $1 million. Then we've got $350, $355.95 is R3, which is usually overbought. So let's see what happens. Then we've got $360, $365, $370, $380, $385.45, which is R4. This one moves about $32 in a day. So that's what we're mapping out for. We're going to be bearish below $318.75. Let's get below this low. This is support here, this cam. And so target 314.57, 310.81, 308.11, and then we're getting into a whole bunch of prints. That's a 200 exponential moving average. So sitting here at 307, 306, and 305, that's, um, what is it, 1.3 million sitting right here. And you can see that pre— the post-market, we had some of these prints. This one This 1 million yesterday, but on these 2 levels. But we came down, tagged it, shot up, and then it looks bullish there. So let's see, this can be support. This is a fair value gap right here that we probably come down to this level. Then we've got 304.83, 301.300, and then 296.95 down here. Yeah, these are kind of squished. There's a lot of data there. 296.95 right here is the pivot, and so this is where I've stopped at the moment. That gives us close to this ATR, but this is massive, massive support. So just mind this level here, and if you drop below, then you can stay in the trade. I would be taking profit here on my own. Let's go ahead and look at Marvell. So Marvell, largest prints in the last month. You can see here at the top, June 2nd, we're getting into this sandwich of prints. So there's a position that's being built here. So we've got prints pulled back to prints, tested prints high here, 1.2 million, back scooping up through. So this is a little bit— it looks a little bit weak, but anyway, increasing volume, breaking through some prints. We've pulled back to a print here, so if this is If this is good, we start moving up through these. But really, for a longer-term swing, you want to be above this 330 level, and then we can pull back. And then we want to get below this low here, 250, for a swing on the short side. So there's room to make money intraday. It's, um, we have some upside and downside targets. Let's go ahead and have a look. We're going to be bullish above 290, 350. Let's get above this cam Right here, target $295.64, $298, $314, $301.65, $302.38, $304.63, $306.76 is R1. Then we've got $308.88, that's this 3.4 million shares here. Then we've got $311.36 and $315.63 is R2. I stopped there on the upside. On the downside, we're kind of sitting on support here. We've got this 1.3 million share print in the $700 $723K, and then we're sitting right here on my 200 exponential, 200 simple. So we're going to be bearish below $288. Let's get below this target. $285.02, $700K. $284.42 is a cam. $282.26. Then we've got $277.80, $600K. And then 5 cents below that, $600K. So really this is $1.2 million sitting here. So if we tag this and start moving up, that's a good entry as well. Then below that, we've got 271.40 down here, 266.63, and 265.24 is this 815K print. And then below that, we've got 260 and 250. It's just clear sailing below that. All right, those are your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff, and we will see you. Tomorrow with all new trade setups. Happy trading, everyone. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
