082908 MRVL

The day after earning report:
Even the strong earning report for 2Q08 cannot turn the trend around;
the gap down today open at $14.17 from yesterday's close at $14.76 shows sign of weakness.
It had gone under $14 to lowest at $13.8 and closed at $14.11. It remain the first support as mentioned yesterday.
Summary, it is still bearish and the resistance of EMA200 ($14.85), weak support at $14, next support will be $13.

082808 MRVL

Earning Report Date for Marvell;

Fundamental :
Q2 revenue $842.6 mln vs $656.7 mln

Q2 net income 11c vs 10c loss year ago ($71.4 million vs loss $56.4 million)

Technical analysis:
How accurate is the technical analysis ?
The chart tells the story:

EMA200 : 14.86; Today's High: 14.89 ; the resistance is hold at EMA200.
Today's market closed at $14.76 up 2.22% from yesterday, still below EMA200.
from candle stick point of view, it looks almost like a doji (or star),
meaning bull & bear are fighting for control, the result ? wait to see for tomorrow,
if it can climb above EMA200, that's a good news, but as Dell drop 10% after hour,
it won't be so hopeful for challenge the resistance. The MRVL price drops 3% after Market($14.3).
Hopefully , it will find a support near 14; but most likely it will test support at 13.

082708 MRVL

It is under 200 Moving Avg, not a good sign..
and the chart looks so bad .. tomorrow's report .. ?
1. under 200EMA
2. Dead cross 20/50 EMA
3. MACD dead cross and below 0.
4. KD Line totally disappointed.