Atlassian seems to want to surpass the recent highsAtlassian is a software company that produces services for management and collaboration within the working groups.
A hot topic today, considering that many companies have decided, first for the covid and now because they have realized that work goes on even faster, to make work their staff remotely or from home and without time or office constraints.
This is surely the revolution of the century as far as the world of work is concerned and all the previously existing preconceptions about the fact that the staff had to necessarily live in the offices for at least 8 hours a day have been overcome.
Many companies have managed to reduce costs, others to give a higher quality to the work of their employees, thus encouraging greater collaboration and better productivity.
Many have done so, and many are still adjusting, but one thing is certain: those who produce software for business collaboration can only benefit from this office revolution.
In fact, the Marketmiracle advisor that identifies the interests of the various market players has provided an input signal for the company $TEAM or Atlassian that produces some of the main software.
The signal is a LONG input at a price of 250.42 usd for a target of 288.71 usd with a potential profit of 15.29 % really not bad if it came true for a company of this caliber.
From the fundamental point of view according to some sites that I follow as a reference Atlassian seems to be below its fair value and seems to be solving a large part of its debts, with a year-on-year growth forecast by the very high analysis.
It would seem that everything is in order for a further price increase.
Analyzing the graph we realize with the company is already close to its maximum and this further push would lead you to touch up its absolute maximum.
I decided to take a position on the title, I think there may be an even brighter future in this particular moment that has certainly hurt us very much from the health point of view but taught us many other things from the point of view of work and human.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
TEAMD trade ideas
$TEAM - strong AFentered 12 April, exit 13 April +$550, tried to reenter and my frugal limit-buy was pennies from filling
Now it pops after hours (+5%) from early revenue reporting.
I will re-enter this tomorrow. I don't know where, but it will be worth it. I love this company, in addition to playing options.
Market Watch for Week of 8 March 2021 Pt.2Just finishing up my watchlist for the week, had a lot this week so I wasn't really able to get to much into my reasonings for the potential entries.
Pt. 1 is also posted.
Again, since due to the amount of additions to my watchlist this week I ran out of time for the video.
If you have any questions at all about my thoughts on any of the tickers in the video feel free to reach out to me and ask.
Good luck this week
TEAM Looking for TEAM to continue the steady uptrend. Waiting for a pullback to enter in the 250-255 range for a shorter term swing 2-4 weeks. personally think they have a great product and they just switched over to a cloud only model so I only see things going for them money wise.
Long Term Pros:
Just switched to cloud only subscription model
Great product(s)
Short Term Pros:
Earnings in a few months.
Just reported end of Jan that wasn't great but market still loved it
Long Term Cons:
Product is kind of expensive but wouldn't say more than the general market
They are going to lose server based customers
Short Term Cons:
RSI is high
Channels aren't super established
PT:
$265 by end of March
$TEAM with a bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $TEAM after a negative under reaction following its earnings release placing the stock in Drift C
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
TEAM - January 24, 2021Atlassian Corporation is an industry leader in the software development project management space with it's core offering JIRA. This enables software development teams to collectively assign and manage workflow processes in development stages. TEAM trades at a premium 33x sales multiple as it has a strong foothold and growing customer base for their SAAS based products. The street has TEAM projected to grow revenues to $474M for FQ2, and they report earnings this Thursday after market close.