Software companies are breaking down

Here are some of the names I am looking at… If the stock is tied with AI, they are breaking down mildly, other names are breakdown much more strongly. Keep an eye on this space, some of the names are getting to attractive place. While I am not showing here, but cybersecurity names are also breaking down big time.

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Today $MDB, $OKTA announced results.

$MDB moved up by 30%, yeap!!! Okta 6%. $CRWD will announce results after market tomorrow. Option market is showing 7% move. I would be taking a flyer.

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And? How’d it turn out? MDB was a welcome return to favor with their results. Up 38% at one point in the day.