MRVL targets $400: Elliott Wave III expansion signals powerful upside move

Elliott Wave Forecast Team ElliottWave-Forecast.com

Marvell Technology, Inc., (MRVL) provides data infrastructure semiconductor solutions & spanning data center core to network edge in the US & internationally. It comes under Technology – Semiconductors & trades as “MRVL” at Nasdaq.

MRVL is bullish impulse in daily & continue higher against 6.09.2026 low. The buyers can look for rally targeting $362.7 – $400.09 area to extend April-2025 rally in III sequence.

MRVL – Elliott Wave latest daily view

Since inception, it ended I in proposed diagonal I at $127.48 high in January-2025 & II at $47.09 low in April-2025. Currently, it favors rally in III towards $362.7 or higher. It placed ((1)) of III at $102.77 high, ((2)) at $70.69 low, ((3)) at $339.6 high, ((4)) at $242 low & favors rally in ((5)). Within ((1)), it ended (1) at $85.27 high, (2) at $61.44 low, (3) at $94.66 high, (4) at $73.62 low & (5) at $102.77 high. Within ((3)), it placed (1) at $83.78 high, (2) at $75.24 low, (3) at $218.26 high, (4) at $194.7 low & (5) at $339.6 high.

MRVL – Elliott Wave latest two-hour View

The buyers can look for rally targeting $362.7 – $400.09 area to extend June-2026 rally in ((5)) to end III. Short term pullback in 3, 7 or 11 swings will remain supported above 6.09.2026 low to extend higher. Currently, it favors rally in 3 of (1) & expect few highs before correcting in wave (2). Buyers can wait for entering the longs in (2) in extremes against 6.09.2026 low. Also, buyers can get another opportunity later in IV extremes, once III ends within April-2025 cycle. Do not recommend selling in any pullback. Buyers also can enter next extreme area in double correction, if it breaks below 6.09.2026 low without new high.

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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