Price fell after the earnings and seems to be rejecting the key level around fib61 and Ichimoku cloud. It is possible that price will retest $200 mark before continuing upwards in the longer term ascending channel. We'll see. Analyst targets at $260-$265 and $300.
Analyzing the options chain and the chart patterns of TEAM Atlassian Corporation prior to the earnings report this week,
I would consider purchasing the 237.50 usd strike price Puts with
an expiration date of 2024-2-2,
for a premium of approximately $5.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
We now locate the TEAM stock in the blue substructure of the superior pink wave (Y). Here, within the blue wave (b), a new annual high should be ahead for now before it then comes to a reversal around $225 and an apparent descent sets in. Should the rise continue what we consider 33% likely, our alternative scenario would activate, and the stock would go...
Atlassian Corp - It has formed Falling Wedge Patten. As you can see the numbers 1,2,3 are the support for the trend line and it was not able to brake and go below the trend line as we got the 1st support there @ 188.56
Once it breaks the upper trend line we can see a good fast move. Also can be bought at the current range too. 1st target will be 226 and ++ if it...
This Aussie company has its finger in many pies in the software world and it will continue to drive improvement in their capabilities which will directly impact their commercial performance.
Currently trading at US208 I feel this is undervalued. The current market performance across the board with inflation pressures and recession talk has this stock sitting well...
Viewing the monthly log scale chart for $TEAM, it is evident that this software company has been riding a robust bullish channel since establishing a successful C&H near its IPO in 2016.
With solid leadership, accelerating margins, and an impressive EPS estimate beat track record, Atlassian appears to be an excellent pick for the long-term.
Started position in TEAM this morning after it undercut & reclaimed its PEG low yesterday. Very small, 30bps risk. Will increase position size if the stock reclaims its PEG day anchored VWAP and again if it clears its inside pivot around $462.50.
Stop loss is below yesterday's undercut low.
$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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Check out the different valuation of new, digital enterprises compared to conventioal, industiral age companies in 2020. It shows that our old, heavy industrial age is coming to an end and will be replaced by new information and collaboration economy.
