12/29 TEAM Earnings PlayThat my friends is a text book bull flag.
Flag pole up and a nice wedge down.
Confirmation first thing Monday when it breaks out of that wedge and goes back up to test $116
TEAM trade ideas
Team 3rd time the charm?A good software name trying that 200 level again. A close over I would expect to see the next expansion to come.
Team looking like a healthy break up!Trade idea posted on chart
Long target 230
SL 197
Be careful with news tomorrow in case of Stimulus
220-197 very viable on wednesday depending on answer
$TEAM Atlassian Corp Breakout Analysis
Having missed the breakout in TEAM, we must consider how to get in on what could be a major breakout.
(1) Day trade it today back to Fridays high and possibly $214
(2) Wait for a possible pullback to the Channel trendline, @ $200. by which time MA's should have
caught up to provide support. RSI is quite high at 70 but a bullish market today could drive this much higher.
hasnt moved much need to let the sideways finish playing out, once you see the breakout confirmation we buy. gl <3
Atlassian Corporation Primed For A Break Out!Atlassian Corporation is primed for a break out The charts are a reflection of reality. Indeed, if one observed the balance sheet and other aspects of the company, including non-quantitative aspects of the company, we see that these qualitative aspects are seen in the chart. This does not occur all the time, but it can be seen here. It makes a great investment.
TEAM : COIL6-week consolidation pattern with price finding support on 38.2% Fib retracement.
Revenue growth >30% YoY
Gross profit margin >80%
Positive Cash Flow
$TEAM didn't breakout, danger to break down$TEAM didn't breakout, danger to break down. No shorts yet.
TEAM oversold daily chartLooking for a bout back to 20 ma. I'd buy half and add again at 160, assuming market hangs in there.
TEAM: Short playI am now looking for stocks that could be good short plays. TEAM is getting weak and on the verge of breaking down.
My signal is a break of ~169.50
TEAM Breakdown 7 testsTEAM has tested the level of support at 170 seven times now. This is a key sign that support is getting weaker, paired with a series of lower lows. I expect this to break down soon into the 155 range.
TEAM breaking out of 180 185 levelsTeam breaking out of box and 185 levels.
I will enter above 189 keeping 180 as SL for a target 210-214 levels
It has taken support at 50EMA.
Being within channel it could also be held until channel low is broken. But i am not much fan for holding a long time.
Atlassian Corp $TEAM$TEAM is very close to break out. It is just below $191.72. Watch for a breakout with heavy volume to be long
12 months Consensus Price Target: $172
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
TEAM on watchLong in and above box. Short below box or wait for pull back long entry from lower targets.
High probability trend continuation in TEAM- Coming off 50 Day moving average
- Exiting pennant
- Breakout on a 3 day weekend (Only strong hands hold over long weekends)
Long term chart...
TEAM closer to 50 Days MA supportIBD rating of 99. Tighter stop than usual, lots of volatility in the market.
This one should do well even on a second wave of COVID 19, software for teams collaboration.
Long @ 177.22
ATLAASSIAN CORPORATION PositionHello traders, ATLAASSIAN CORPORATION has taken off from its bullish slant, refusal of buyers if we break the first trend line we could break the consolidation zone to get its previous high.
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