Last week, we suggested that Marvell Technology $MRVL was completing a price top and that a bearish slingshot signaled a bearish correction ahead:Marvell Technology (MRVL) Completing a Price TopIndeed, price broke below the neckline of the price top as we can see on the daily chart.MRVL Daily Chart(click to enlarge)Support Turn Resistance?- Price indeed broke below the $19.70 support, but was able to bounce just before reaching the $18 mark. - However, I think the rebound will find resistance if price gets back into the $19.70-$20.00 area.- This previous common support area might turn into support if the overall trend is indeed in bearish correction mode. - If price does hold under $20.00, the downside risk remains open towards the $16.65 area, which is a previous key resistance, as can be seen on the weekly chart below.- At this point, a break back above $21 could be a sign that bulls are back in charge. MRVL Weekly Chart(click to enlarge)