Built by Traders, for Traders

Ross Givens

Stock Trader & Educator

How to See the Apex System in Action

Today, I’m going to share a recent trade idea from my friend and colleague Anthony Speciale.

Anthony is one of the best traders I’ve ever met…

And he’s recently developed an incredible system that allows him to determine the ideal entry, stop and target points for any asset.

He call it his Apex Profit Window…

Anthony’s Apex System

The following is an excerpt from Anthony’s Energy Investor Daily newsletter, in which he details one of his latest trade ideas using his Apex system…

***

Marvell Technology, Inc. (MRVL) is a leading chipmaker that designs and develops integrated circuits, ethernet solutions, processors, storage products and much more.

The stock was showing some strength early last week, but Friday’s session saw the shares drop 9%.

That could be setting up a further breakdown in the stock, so let’s check out the chart…

Weekly Chart of Marvell Technology, Inc. (MRVL) with Fundamentals — Source: MarketSmith

The technology sector offers no safety from the broad market selling.

Marvell’s weak relative strength isn’t helping its cause at this time either.

The stock is back to its July lows and could potentially form a “double bottom” pattern.

However, if support fails, it should produce a lucrative short play…

Weekly Chart of Marvell Technology, Inc. (MRVL) with Channel Structures — Source: TradingView

As the chart above suggests, the ideal entry would be triggered by a 1%+ weekly settlement below $41.75.

The ideal stop would be placed at $51.00, and a conservative ideal target would be placed at $25.00, which is gradually descending.

***

Checking In

Ross here again…

While this isn’t a recommendation for readers of Stock Surge Daily or Energy Investor Daily to buy MRVL or any other security, I thought it was important for you to see how Anthony uses his Apex system.

The key to Anthony’s strategy is the weekly settlement 1%+ above or below support or resistance (depending on whether it’s a long trade or a short trade).

In this example, Anthony was looking for a short idea if the stock settled 1% or more below $41.75.

Weekly Chart of Marvell Technology, Inc. (MRVL) with Channel Structures — Source: TradingView

Well, with last week’s big drop in MRVL, the potential double bottom Anthony mentioned above has definitely failed to support the price.

The stock closed well below $41.75 last Friday. And according to Anthony’s system, that means it should begin to move towards the ideal target at $25 in the coming weeks…

Don’t Miss the Apex Fortunes Summit

Now, if you’re ready to see this strategy in action and want to learn how to use this in your own trading, you need to check out Anthony’s “Apex Fortunes Summit” today at NOON!

2022 has proven itself to be a bloodbath… That’s swallowed up nearly $7 trillion in investors’ wealth…

But Anthony has personally shown 101 mom and pop traders how to grow their accounts by 382% in as little as four months!

If you want to be an apex trader and are ready to conquer this volatile market, you definitely need to check out his strategy.

Click here now to register for today’s LIVE “Apex Fortunes Summit” presentation and see what you might be missing out on…

Embrace the surge,

Ross Givens
Editor, Stock Surge Daily

Missed Nvidia? Don’t Miss This.

Nvidia powered the first AI boom—but it's not the only game in town. There’s a small, overlooked sector quietly holding up the entire future of AI. Without it, the AI revolution doesn’t happen. And this could be your second chance—but only if you act fast.

Leave a Reply

Your email address will not be published. Required fields are marked *

GET THE TOP 3 AI STOCKS
FOR THE AI REVOLUTION NOW

High profit potential… strong insider activity… cutting-edge AI technology…

These are the stocks every intelligent trader and investor NEEDS to know about.

Subscribe below to get your FREE report on these stocks – plus a free subscription to Stock Surge Daily, a newsletter that will supercharge your trading potential by handing you market insights you can’t find anywhere else

The Next Generation of Superstar AI Stocks

Forget the Magnificent 7 – these 3 stocks are poised for HUGE moves in the next leg of the AI boom. Wall Street veteran Ross Givens just revealed the details…