Marvel Technology (MRVL) has been in a period of consolidation since December 2017 when price cracked $24.00. Price did eventually extend to $25.20, but overall price action since December has been sideways as we can see on the daily chart. MRVL Daily Chart (click to enlarge) Topping:- The daily chart shows that price has been essentially trading sideways. It is an expanding consolidation because we can see lower lows, and a higher high. - However, as we can see on the daily chart, price failed to clear 22.50 in April. - Essentially, it looks like the choppy pattern of higher high and lower low has stopped. This has a slight bearish implication, on top of the fact that price essentially held under the 100- and 50-day simple moving averages SMAs. - As we can also see, price is now back around the support that spans from around $19.85 to $20.50. - I think price will dip lower and continue the lower low pattern. - It would be interesting to see what happens if price reaches the 18.50-19 area, because this is a key support area.Bearish Outlook:- I would anticipate support as price approaches $19. - Below $18.50, I would limit the bearish outlook to $16.70, a previous resistance pivot in 2014 and 2015. Bullish Outlook:- For now, I would also limit any bullish outlook to the $22 area. Above $22,50, we might see bullish continuation , or another test of the highs in the $24-$25.20 area. It is also an observed support/resistance pivot. - It should be noted that there was strong volume in Nov, after which price stalled. This extraordinary volume could signal a top as price started trading sideways.