Marin is near-completion on a classic 1-2 wave setup. It completed a strong move from $1.71 on June 23rd to a $28.24 high. It is now closing in on a 78.6% retracement of that move, which is a standard Wave 2 correction. There is a bit more room to fade to that level around $7.37. The stock presents a good entry opportunity as it sets up for a possible Wave 3 extension, though should take it past the $28.24 high. Support should be strong above $7.
