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Business Software Name Setting Up Breakout From Flag Pattern

by | Jan 16, 2025

Bill.com (BILL) shares of the software name are curling higher off the 55 day MA test last week at key support and now seeing MACD cross bullish as it starts to clear a trendline from the December high near 97.50 which would be an ideal first target on a breakout higher. BILL has room to hit the 100-round number after that with a bigger VPOC target up near 103. BILL has seen repeat bull flow in January 24th expiration with the $87 calls bought this week and on Thursday saw 500 Feb $92.50 calls buying at $5.10.

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