TEAM Is GOING DOWN? WINDOW AS RESISTANCEI SHORT TEAM Because it is near Resistance Level and H4 is Hanging Man and possible Bearish Engulfing is Forming.
Break Above Resistance Level should be your Stoploss.
Simplicity is It.
TEAM trade ideas
$TEAM - The trading system Equity Trend to go long todayToday at the market open (Dec 31), the equity trading system Equity Trend will open a long position in Atlassian Corporation PLC (ticker: TEAM)
Each day, the system scans around 10,000 stocks to find just 1 or 2 which are ready to move immediately.
The system combines elements of breakout trading, trend following and risk management from Turtle trading.
System: bit.ly
New trader looking for insightI am new to the stock trading game and I picked the absolute wrong time to get in on Atlassian shares, so if anyone has information on what's going on or what to expect, it would put me at ease to know. To my inexperienced eye, it appears that recent rises in share price occurred due to a speculative bubble which burst when the company reported average sales and it was undervalued by Morgan Stanley. Should I expect the trend to return to its original form, outlined by the green line, or will it keep going down?
Atlassian - Rising Channel Atlassian ($TEAM) a relatively recent IPO, reports it's second earnings call after the bell 5/5/16. $TEAM has been basing the last couple of months, rising in channel while volume has been decreasing, creating a solid base to move higher from. A solid earnings report should allow for movement higher.
Recent contract with Uber won't factor into revenues or EPS yet, but should obviously help guidance. As investors become more familiar with Atlassian and their products ( Jira, HipChat, Bitbucket) dont be surprised to see increased inflows. #GetLong
