hi traders
Team has been in an uptrend since beginning of 2023.
The price is respecting the upsloping support (Even though we have got some fakeouts) .
We expect an uptrend continuation and the next take profits level is at 296 $ and later at 339 $ and 395 $.
Stop loss: 177 $
looks oversold in the immediate term, if close below $206 invalidate bounce and downtrend continues. More likely to trade sideway and up to relieved the oversold condition. Bullish on short term bounce.
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.
I think TEAM is trading in this channel and will hit either $215 or $240 in the near future. Otherwise it may just fall back to $170 area where there has been buyers
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...
The last low wasn't below the previous one and it can be a good sign for entry to new uptrend.
Passing of 189 or 190 and a good confirmation can be a good trigger for entry to buying position.
Team has given the breakout of larger trendline and again closer to breakout from small trendline. I will wait for weekly close today to get more confirmation.
NASDAQ:TEAM #TEAM Looking good. If the price can break above $147, it can reach to $164 near term. Upside targets - $164, $172, $180. Downside risk is $130.
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NASDAQ:TEAM
Hello Traders,
welcome to this free technical analysis .
Team short until 29 march 2023
On the daily timeframe I am now just waiting for a clear break 142.25 and retest of the previous support zone which would then be turned resistance before I then do expect a next short term impulse towards the downside.
