Jun. 30 at 4:22 PM
Software names are starting to tighten up again after a long digestion phase, and the price action across the group is becoming more constructive.
$BAND has been rebuilding steadily after its IPO VWAP retest, with a rounding structure forming that often signals early-stage accumulation if follow-through emerges.
$TWLO is holding its 50-day SMA and compressing into a narrower range, showing signs of stabilization rather than continued downside pressure.
$SNOW is also starting to firm up, with structure aligning closer to the early phases of a potential renewed uptrend rather than a corrective phase.
$NAVN stands out as the momentum outlier, breaking out of its IPO base and attracting early rotation interest.
Overall, the group is transitioning from repair mode into early trend formation, but confirmation still depends on sustained volume expansion.
