MRVL rallies nearly 10% on positive news; LITE tests key support; rationale for positioning in Circle and CSIQ at lows

1. $Marvell Technology (MRVL.US)$ Yesterday, MRVL surged nearly 10% against the trend, driven by news of a partnership with Google. For those who entered positions around $220 as I suggested, you should already have decent profits. My advice is straightforward: continue to hold. Consider taking partial profits if the stock price further rallies to around $260, while keeping the core position for potentially higher targets. However, for those who completely missed the move, the current level is relatively passive since the price has already risen. It is not advisable to chase highs simply on positive news. If you must participate, I recommend scaling in. Wait for $230 for the first entry, which is a relatively aggressive initial positioning zone. If the broader tech market continues to correct and sees a second pullback, consider $200 for the second entry.

2. $Lumentum (LITE.US)$ Another core stock in the module is LITE. It has already adjusted into the $830–$800 range that I previously highlighted. If you are already invested, my view remains that you should not panic over a 5% or 8% loss. Structurally, LITE's first wave of ascent was very complete, and the $800 level below serves as important sentiment support for August. As long as $800 is not effectively broken, I do not expect an excessive downtrend. If it does break $800 and experiences a second deep pullback, we can wait for a lower level to average down with a second entry. Therefore, my current advice is to widen the gap between the two entries; do not rush to average down your cost basis blindly just because the first position has a slight floating loss. Next, I will provide two low-position stocks with catch-up potential.

$Circle (CRCL.US)$ The first is Circle, a key player in the stablecoin concept. I actually recommended participating when it was around $71. The primary reason I continue to focus on Circle is the future growth potential of the stablecoin market. As the stablecoin market expands, Circle, as a core company in this sector, theoretically still possesses significant long-term growth space. Technically, Circle has gradually formed a clear rounding bottom pattern over the past two months. Year-to-date, Circle has not experienced any exaggerated consecutive surges. If you are bullish on the stablecoin market and Circle's future growth, consider scaling in during minor adjustments. I maintain an initial upside target of $90–$100.

$Canadian Solar (CSIQ.US)$ Another stock I believe has good pre-positioning value amid the tech sector cooldown is Canadian Solar (CSIQ). CSIQ surged nearly 7% yesterday. This rise is significant as it utilized Tuesday's market plunge to complete a clear proactive sentiment repair. Currently, $14 is gradually becoming a defined short-term low. As long as $14 holds, CSIQ still has catch-up potential. Why revisit solar now? The logic remains the same: AI data centers ultimately require power, and solar energy, as a crucial complement to energy storage, has inherent long-term demand. Additionally, CSIQ's current price level is not high compared to other tech stocks that have risen continuously, offering good catch-up space. If you prefer not to continue participating in high-volatility tech themes, you can prioritize CSIQ as the next direction for low-position rotation.

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