Software Solutions Leader Forms Coiled Bull Flag After Pullback
DocuSign (DOCU) shares are coiling in a narrow band near 90 after pulling in to nearly fill the earnings gap from early December and now have closed back inside the monthly value area with a good risk to reward here if can sustain above 90 then likely can see a swift move back up to the 100 round number level. DOCU is a top software name and earnings not due out till early March so can see price action develop with the Tech group seeing strength. DOCU early this month saw buyers of 1000 Jan 31st $95 calls at $1.16 which remain in open interest as well as still having the 3000 January 2026 $90 calls which bought on 9/25 at $2.56 and still holding a big winner in OI.