MRVL is a favorable long position contingent on an upside breakout; technical patterns indicate a potential ~50% gain.

Next one, plan B, is MRVL. Now this chart isn't too dissimilar to the last one I told you as far as setup is concerned, but right, but you have an additional factor with you.

So, there is this beautiful obviously down sloping trend line, which I've already highlighted on the chart for you. But, the secondary pattern, which you know, I'd argue could be even more powerful, is an inverse head and shoulders pattern.

Left shoulder, head, right shoulder, right? This spells a breakout for me.

MRVL is a little bit down from its highs, right? From its all-time highs, down about 28% has had a nice push up, but should the markets begin to catch a bid, you could potentially see, you know, this break to the upside, an explosive move.

First thing we'll do is find that measured move on here using that inverse head and shoulders pattern that we covered a couple episodes ago and say that, "Hey, if this plays out to the measured move, you're looking at a move up almost 50% guys on MRVL."

So, just like with Meta, what's the plan? Well, there's a couple of ways that you can play this chart. First off, you can play it on a breakout. Let's say we have a nice breakout and confirmation, you just go long, right?

Just go long, nice and easy. Or, similar to our other setup on Meta, you can look to enter on a retrace back down to the down sloping trend line.

Generally speaking, we don't really love to trade with the trend as we're counter trend traders here at Verified Investing, and you can argue, "Well, it's already gone up 20%."

You know, isn't this going with the trend? Well, in a way, yes, and in a way, no, right? It is going with the recent trend, but it's actually breaking this longer term trend from this down sloping trend line creating this inverse head and shoulders that began in um June of this year.

So, should this break to the upside, I really like this for a long setup.

All right. With that being said, guys, that's all the setups I have for you today. Those are three actionable trade setups on Meta, MRVL, and Tesla. I'm trying to diversify a little bit, give you two longs and one short position.