Good setup to go long, Looking to retrace back to 28

Fundamentally, MRVL is looking good. Some technical weakness over the last month has provided a good buying opportunity. The left-hand projection is the exact retracement (slope and rate of change) of the move down to current levels. The right-hand projection is the exact retracement of the previous move from the current price level to the $28.35 high on this current chart. I expect the stock to rebound by early-to-mid January especially with everyone sizing into their 2020 5G plays.