Yesterday, the plan from MRVL was to go long near the daily EMA20 at 214, with a stop loss set slightly below the channel at 210, and aiming for the upper channel around 240. Today, Google’s positive news came out and directly triggered a rebound. News is often a catalyst, but the technicals come first. As long as the daily EMA20 and the ascending channel haven’t been effectively broken, this is still a buy-the-dip opportunity. If they break, then we’ll adjust our strategy.