Atlassian Corp Shs A Cert Deposito Arg Repr 0.02127659 Shs A
No trades
Trade ideas
TEAM One of the the few strong stocks leftLike TEAM long above the box and short below. Targets are dotted black lines.
Inverse Eve and Eve double top correctionExample of an inverse Eve and Eve double top correction, like an Eve and Eve double bottom which is a bullish reversal pattern, simply the opposite! A correction can be already seen to be underway.
TEAM: A Product I Used MyselfQuick Fundamentals:
I am doing a quick fundamental review of this company because I have a still sick. Yep, I used their products before. This stock symbol is TEAM ( Atlassian Corp.). They develop software to help team manage and collaborate better. Their IPO was in 2015 and so far have survived one of my rigid tests. Funds are piling in to this company hand over foot; so, there is support beyond the charts in the near future and beyond technical analysis.
All checks for the US economy and stock market direction support this trade.
Quick Technicals:
27 weeks of consolidation
A strong base
volume build up
VPA confirmation
So, I am in a long position in this company as of today.
Target for 2020:
Tentatively its 260 to 300 by Q4. That is when I will do another re-evaluation.
Following the Rocketman means power for you!
TEAM Looking Like a Buy Over the Mid TermTEAM looks like a buy over the mid term. Look for a pull back into the $132-$140 range for a buying opportunity. Look for a price target of $176 before the next earnings call.
TEAM - Earnings PlayEarnings expected move is 7% (High: $140; Low: $122).
I sold a $117 put for $75. Do not think it will gap that low.
Atlassian Corp. Plc Looks vulnerable, wait for results
Indicators are rolling over going into earnings.
Historically volatile post earnings.
Levels of Interest = $131 -129 support. $137 resistance
Average Recommendation: Overweight Average Target Price:$153
Company profile
Atlassian Corp. Plc is a holding company, which engages in the design, development, license, and maintenance of software and provision software hosting services. Its products include JIRA software, align, core, and Service Desk, Confluence, Trello, Bitbucket, Sourcetree, bamboo, opsgenie, and statuspage. The company was founded by Michael Cannon-Brookes and Scott Farquhar in 2002 and is headquartered in London, the United Kingdom.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, IT IS REALLY APPRECIATED
TEAM: I fully expect wave 5 to be extended. Sub (i) of 5 is doneWave A and B of sub (ii) looks done with A=C. Expect a wave C down.
Atlassian Corp trade setupBullich reversal underway, possible long on break above Fibonacci .65 level.
TEAM – Bullish Weekly Trend Incoming + EarningsNot currently in this trade but will be entering Monday. Stop loss $118. I will update if filled.
Trade Entry
Jan. 31 expiry. Put Credit Spread. $2.60 credit or more. Max loss $240. Max gain $260.
Total probability of profit on this trade is only 56%. Low. EMA Cross, 10WeekMA cross, and earnings are reasons for entry.
Close before expiry at 50% profit or greater. Looking to exit after earnings. If earnings are positive and no price spike, hold while collecting theta and waiting for price spike.
Chart Details
Chart is almost entirely bullish.
Weekly trend about to turn bullish. There is positive price action every time this happens.
Bullish EMA cross and bullish 10WeekMA cross are very close at $125.
Options entry above takes advantage of moving average price crosses and earnings combo.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
$TEAM Breakout Expected to the upside?Symmetrical Triangle formation, expecting a major breakout to the upside.
Waiting on breakout/downWeekly inside candle, multiple retests of channel. Price looks very compressed. Calls over 123.30, puts under 117.79
$TEAM Nice Triangle and breaking up...$TEAM has formed a nice triangle. I'll wait a day or two before going long just to make sure it's not a head fake... Patience... this will have a ways to run once it gets going. Of course, if it reveres it negates the set-up... ideas, not investment advice.
TEAM updateWe were long on 125c from last Friday, hit top trendline resistance, will wait for another entry or for stock to clear trendline. Then gap fill above
$TEAM Atlassian on verge of breakout from downtrend. Cloud stocks are finding some love again and staging a reversal. TEAM is showing signs of breaking from its current downtrend with $127-129 as a possible entry level.
Volume is bullish and increasing.
RSI on verge of breaking resistance.
$149 average analysts price target| Overweight.
7.2% short interest.
Upgrade details 28th Oct
Bank of America upgrades Atlassian (NASDAQ:TEAM) from Neutral to Buy with a $135 price target, citing "an enhanced buying opportunity" after the recent selloff that has shares down 22% since an August high.
Analyst Nikolay Beliov says the company has a "best of breed business model" and sees TEAM as better positioned than its peers to survive macro slowing.
The analyst calls TEAM's 30% FCF margin and revenue growth "appealing" in a low interest rate environment. Source SeekignAlpha.
Atlassian has an Outperform average Sell Side rating.
Company profile
Atlassian Corp. Plc is a holding company, which engages in the design, development, license, and maintenance of software and provision software hosting services. Its products include JIRA software, align, core, and Service Desk, Confluence, Trello, Bitbucket, Sourcetree, bamboo, opsgenie, and statuspage. The company was founded by Michael Cannon-Brookes and Scott Farquhar in 2002 and is headquartered in London, the United Kingdom.
