The VoSI VooDoo ReportOffbeat Ideas and Commentary from the Depths of Gil's Trading NotesPivotal 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.
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