$CloudFlare(NET.US) $Adobe(ADBE.US) $Salesforce(CRM.US) $ServiceNow(NOW.US) $Synopsys(SNPS.US)
The divergence among these stocks has been intensifying recently; they can't be viewed as a single sector as a whole:
Cloudflare is seesawing repeatedly near its previous high resistance level. GEX data from the options market shows a thick layer of hedging positions at this level, requiring significant momentum to break through.
ServiceNow has the strongest moving average structure in this group, with a three-line bullish alignment and expanding MACD histogram.
Adobe is currently in a seesawing range around the 200-day moving average, with no clear direction yet.
Salesforce's RSI is rebounding from the oversold zone, while Synopsys's weekly support level is holding relatively firm.
NET and NOW could be considered for entry on a short-term pullback, with a stop-loss set at the low of the most recent weekly candlestick; Adobe should be watched for now while below its moving averages.
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