The VoSI VooDoo Report
Offbeat Ideas and Commentary from the Depths of Gil's Trading Notes
Pivotal Software (PVTL) had a massive buyable gap-up move back in mid-June and has since started building a new base. Last week, it posted an undercut & rally move through two prior lows, including the prior BGU intraday low, and has since rallied back above its 10-dma and 20-dema. On Friday, PVTL pulled in slightly to test the 10-dma/20-dema confluence as volume dried up to -40% below-average, qualifying as a voodoo pullback. Thus, the stock can be bought here using the 10-dma and 20-dema as tight selling guides.
VoSI VooDoo(TM) Report - A Hot IPO Setting Up Again
|Published:||14 Jul 2018 12:00 ET|
This information is provided by MoKa Investors, LLC DBA Virtue of Selfish Investing (VoSI) is issued solely for informational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. Information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of available data. VoSI reports are intended to alert VoSI members to technical developments in certain securities that may or may not be actionable, only, and are not intended as recommendations. Past performance is not a guarantee, nor is it necessarily indicative, of future results. Opinions expressed herein are statements of our judgment as of the publication date and are subject to change without notice. Entities including but not limited to VoSI, its members, officers, directors, employees, customers, agents, and affiliates may have a position, long or short, in the securities referred to herein, and/or other related securities, and may increase or decrease such position or take a contra position. Additional information is available upon written request. This publication is for clients of Virtue of Selfish Investing. Reproduction without written permission is strictly prohibited and will be prosecuted to the full extent of the law. ©2019 MoKa Investors, LLC DBA Virtue of Selfish Investing. All rights reserved.