Dave Barnhart analyzes Marvell Technology's premarket setup using dark pool prints and 5-minute charts. Large institutional blocks like 726K and 755K shares suggest bullish territory above $225, with targets at $227.17, $229.29, and higher. Below $220 turns bearish, with downside targets down to $82.
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Apparently Marvel had blowout earnings and we're down. So let's go ahead and have a look, see what's happening. We've called this one out. You see this, these hundreds of millions of dollars worth of shares. The biggest one here, 726K. Oh, then we've got 755K. So it looks like they were adding to their position. They've got this consolidation here, upthrusted, tested the print, moved higher. Day before earnings, we pulled back with increasing volume and now we're back below this level. So what does that mean intraday? Let's go ahead and have a look. So on the left-hand side is my 5-minute chart with pivots and cams, and you see all of the prints are overlaid as well. We're going to be bullish above 225. Let's get above here. Target 227.17 is a cam. 229.29 is 257K. 231.26, 233.63, 236.35, and 237.27 is that 755K print. Wound up stopping there. On the downside, we're going to be bearish below 220. Get below this level, target $218.59. $217.04 is S3, which is usually oversold. $216, $215 right here, that's another $900,000 if you add those together. Then we've got $212.31 is $1.5 million. Actually, I didn't see that one, that's the biggest. $211.02, $10.54 is $491K. And then if we break this level Then we've got 205, 202, 82, which is S4. So the ATR on this one's about $16 there, so it can move