MaxLinear forecasts Q3 revenue of $210M-$220M as it raises 2026 optical data center revenue to $210M-$230M
MaxLinear has revised its 2026 optical data center revenue forecast from $210 million to $230 million. The third-quarter revenue forecast has also been presented between $210 million and $220 million, indicating a growth trend.
After a recent sharp decline, signs of a rebound have been detected, prompting consideration for entry. Following the low on July 29 (56.23), the stock has recovered to a closing price of 66.92 on July 30, indicating a rebound trend. Additionally, news reports have raised revenue forecasts related to data centers, presenting a positive outlook.
If support is confirmed at 88, I will buy and take profit at 105.0 upon breaking the resistance at 95. If the support at 88 fails, I will cut losses at 85.0.
The RSI(14) is at 41.6, moving upward and out of the oversold range.
I entered the position after observing a rebound trend and positive news, but the result was a -26.7% loss, failing to maintain the stop-loss level of 85.0. I overlooked the possibility of the support level of 88 being broken during the rebound on July 30, and it is painful that the positive news could not prevent the decline in stock price.
I will apply the principle of entering after confirming the support level more rigorously. Even if a rebound occurs as it did this time, I will be careful not to enter hastily before confirming that the support level (88) is firmly recovered.