Hey Trader
Charles here.
This week's One To Love, One To Hate from Licia is a study in opposites. She found two charts that are basically mirror images of each other.
One stock just printed a textbook reversal pattern at resistance, and the chart is begging to roll over. The other printed a textbook reversal pattern at support, and the chart is begging to bounce.
The fun part is that they sit in two of the most-watched corners of the tape right now: semis and energy.
The semi name has been the AI poster child for two years and is now flashing a stop sign.
The energy name has been the boring dividend story while everyone chased chips, and now the chart is whispering "your turn."
I'll let Licia walk you through the levels.
Hi Traders,
How about a chart with a double top AND a doji at the median line resistance AND confirmation to boot?
That stock is our stinker this week, and it is Marvell Technology (MRVL):
MRVL will trade down to the 20-day moving average at $152.52, then $147.69, and possibly $143.59.
Use a close over $162.70 as your stop loss.
MRVL is a major fabless semiconductor company that designs high-performance chips for networking, storage, compute, and connectivity. The focus is AI, cloud, and data centers.
It provides semiconductors for:
- Data Center & AI – Ethernet switches, optical DSPs, interconnects, custom ASICs, and accelerators (a major growth driver).
- Networking – Enterprise, carrier, and cloud networking solutions.
- Storage – HDD/SSD controllers and accelerators.
- Other – Automotive, industrial, and consumer applications.
The stock to buy calls in this week is possibly Exxon Mobil (XOM):
See that candle from Thursday. It is a possible dragonfly doji sitting right on support.
A dragonfly doji signals a change in trend. In this case, a downtrend ending.
We need to wait for confirmation that the stock is trading higher.
Once Exxon clears $147.50 and trades there for a while, hop into some calls and ride it back up to $152.44.
Use a close below $147 as your stop loss.
Exxon is one of the world's largest integrated oil and gas companies. It explores, produces, refines, and markets oil, natural gas, and petrochemicals globally.
The company operates in three main segments:
- Upstream – Oil and gas exploration/production (biggest profit driver).
- Downstream – Refining, fuels, and lubricants.
- Chemical – Petrochemical products.
Exxon has a strong focus on low-carbon investments, carbon capture, and hydrogen while maintaining traditional energy production. The company is known for operational discipline, massive scale, and a 40-plus year dividend growth streak.
Trade Accordingly,
Licia Leslie
Now I'm curious if one of Licia’s picks will become the basis for the next high-probability option the crew chooses Monday on the Ticker Highlight Premium show.
Here’s how it works: On Monday’s State of the Market at 10 AM ET, each trader will reveal which stock they loved for the week, and the one they hated.
Tap this to add State of the Market to your calendar.
Then on the Ticker Highlight Premium show at 10:30 AM ET, they’ll pick the best play of the bunch and find the best option to play.
To get the next pick, tap this link.
See you Monday.
Charles Delvalle
Editorial Director, Option Pit