Marvell Technology (MRVL: NASDAQ)

Marvell Technology (MRVL) operates semiconductor infrastructure solutions and is poised for significant growth due to rising demand for its products across various sectors, including game consoles, printers, enterprise workstations, and AI servers.

A major macro tailwind for MRVL is the increasing adoption of AI technology, which drives demand for data centers—Marvell’s largest business segment, accounting for 40% of its revenue last year. As AI infrastructure spending grows, Marvell stands to benefit substantially, boosting its revenue growth and stock performance.

Marvell’s products are crucial for AI-optimized data centers, providing interconnects and other data transfer products that enable high-performance computing systems to communicate through high-speed connections, essential for AI workloads. Additionally, Marvell’s custom AI component business is expected to see a significant ramp-up in the second half of this year, followed by a full year of high-volume production in fiscal 2026.

We are bullish on MRVL above $65.00-$66.00, with an upside target of $103.00-$105.00.

Aave (AAVEUSDT)

AAVE has shown strength recently and is currently pulling back into a region of interest. This region offers multiple levels of confluence, including the 100-day and 50-day moving averages, a trend line, the 0.382 Fibonacci retracement, and the monthly pivot, all providing support. We are looking for a leverage long in this area, with clear invalidation at the loss of this major support region.

If we ladder into our position within this box, we should be able to limit our stop-loss risk to around 1.5 to 2%, which provides a decent risk-reward ratio for the full trade. This strategic entry aims to capitalize on the current market dynamics while minimizing potential losses.

Enter a trade around $93.8 to $91.5. Take profits at $98, $104, and $111. Set a stop loss for a candle close under $90.8. This approach allows us to benefit from the potential upside while managing risk effectively.

Pendle (PENDLEUSDT)

PENDLE has reclaimed the 200-day Simple Moving Average (SMA) on the daily chart, signaling potential bullish momentum. Additionally, it has reclaimed the previously broken horizontal support and is now back within its trading range, further indicating a positive trend.

Enter a trade around the $3.9 support level. Set take profit targets at $4.5, $5.2, and $5.8 to capture potential gains as the price moves upward. Place a stop loss below $3.5 to manage risk in case the market turns against the trade. This setup aims to capitalize on the current bullish indicators while maintaining a prudent risk management strategy.