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Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day


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Elliott Wave View: Pivotal Software Inc. Lost 45% In Value In 1 Day

In todays blog, we will have a look at the latest price action of the Pivotal Softwarestock. The stock is trading at the New York Stock Exchange.

Pivotal Software Inc. is an American company which is based in San Francisco. It is a software solution company with several other offices and divisions. They are specialized in developing software solution for customers and also provide cloud-based applications platform services in the United States. It was founded in April 2013.

The company released last week its earning and plunged over 30%. In the peak, it is down almost 45%. Consequently, the company lost almost half its market value in one day. It is the worst day since the IPO. A very black day for the company. In comparison, the SP-500 was almost 1% up on that day.

However, with every drop, there can arise also an opportunity. Lets have a look at the Elliott Wave structure.

Pivotal Software Daily Elliott Wave view 06.09.2019

Pivotal Software

Pivotal Software

In the chart above, you can see the daily chart of Pivotal Siftware Inc. The stock ended the cycle from its Zero line at 6/14/2018 peak ($31.36). Below from there, it has been correcting that cycle in the sequences of 3-7 or 11 swings. With the recent gap down it opened up an incomplete sequence to the downside from 6/14/2018 peak towards the equal legs of $7.97-3.99 areas (blue box). The current pullback in blue wave (x) is proposed to unfold as an Elliott Wave ZigZag Structure. Which ended red wave a at $14.47 low and wave b bounce at $24.68. Below there it made a new low indicating more downside in wave c.

The c leg lower has been now unfolding as a 5 waves Elliott Wave impulse. Which could still be in black wave ((3)). Before a bounce in wave ((4)) can be seen followed by another push lower into the blue box area (7.97-3.99). From that area, we should get a bigger reaction higher in 3 waves at least which should help the company again to rise in value. That area can be used for a long-term to buy based on the Elliott Wave hedging principle.

I hope you liked this blog and I wish you all good trades. And for all who are interested in learning more about our unique blue box areas and also want to trade profitably in2019 then sign up for a free 14 days trial you can cancel anytime. Click the link and see you insight



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Elliottwave-Forecast.com  (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients.

ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, cycles, proprietary pivot system, we provide precise forecasts with up-to-date analysis for 42 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary actionable trade setups, market overview, 1 Hour, 4 Hour, Daily & weekly wave counts. Weekend webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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