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Oct 19, 2020 11:53 AM

$TEAM Atlassian Corp Breakout Analysis  

Atlassian CorporationNASDAQ

Description

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.
Comments
mrwokkel
Very insightful, the two scenario's. Really like that. Thank you!
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