48D trade ideas
TEAM: From swing trade on the daily to a weekly breakout tradeThe only thing I forgot to discuss in the video was the fact that quality-wise we are "okay". The company is arguably overvalued, but it has been since inception :)
Revenues are constantly coming up, but they are still not profitable.
Please comment if you find value.
Atlassian | Transitioning from Server to Cloud & Now to AI Atlassian’s Secret to Success: Free Stuff, Fancy Upgrades, and Lots of AI
In 2020, Atlassian, the Australian software leader known for tools like Jira and Confluence, initiated its transition to a cloud-first model, phasing out its legacy Server business. This strategic pivot has reshaped its revenue model and driven significant growth.
Cloud Momentum
Atlassian’s Cloud revenue surged 31% year-over-year in Q1 FY25 to $792 million, surpassing investor expectations. The transition highlights the company’s agility and sustained expansion in a competitive market.
SaaS Growth Strategy
Atlassian employs a "land-and-expand" SaaS model, attracting customers with low-cost or free products and encouraging upgrades to premium features and additional solutions.
Key Highlights
-💻 300,000+ customers, including 84% of Fortune 500 companies, spanning software development, IT, and business teams.
- 🏢 524 enterprise customers generating $MIL:1M+ ARR, reflecting deeper engagement with large organizations.
-🤖 AI adoption: A 10x increase in Atlassian Intelligence usage this year has driven premium upgrades and enhanced productivity.
Innovation and Expansion
Atlassian continues to focus on product-led growth with recent launches like Atlassian Focus for enterprise strategy and Advanced Editions , offering premium features for existing tools.
Financial Perspective
-Profitability challenges: Q1 FY25 saw a $32 million operating loss (3% loss margin), a slight decline from last year. This is due to sustained R&D investments (51% of revenue, +2pp YoY), reflecting a long-term growth strategy over immediate profitability.
-Server phase-out: Ending the Server business has boosted cloud and data center revenue.
-Data Center growth: Revenue grew 38% YoY to $336 million, serving as a transitional solution for customers not yet ready for full cloud migration. Atlassian is positioning Data Center as a stepping stone rather than a permanent option.
Future Outlook
Atlassian is well placed to leverage rising demand for cloud based tools and AI advancements. However, challenges persist, including macroeconomic uncertainties, competition, and profitability pressures.
While generative AI offers new opportunities, it also presents risks such as increased competition and the potential slowing of paid seat growth, a critical revenue stream. Atlassian’s ability to navigate these challenges will determine its long-term success in this transformative phase.
12/4/24 - $team - Grotesque. Max short.12/4/24 :: VROCKSTAR :: NASDAQ:TEAM
Grotesque. Max short.
- going to need a beer after all these vigilante shorts this year, but it's what keeps my greys poppin' and lockin'
- 60x PE and >15x sales for maybe 20% growth and a ton of SBC on mediocre last Q's result (+50% since) is par for the casino.
- but today's "we integrate with AWS" headline reminds me of y'days mid-day PLTR pop on a similar IQ test. we had a name for it ;)
- so yeah. sized up the short. i'm about 20% notional on this bad boy. while again mkt (broadly/ risk) needs a catalyst for downside, not upside, and while i think that could come next week (front running a year-end profit-take and fomc that's probably not marginally bullish but probably neutral to bearish) i'd tend to think high multiple long duration meme moves probably retrace a bit.
be safe out there.
V
TEAM Long in BOXWill wait for this level for a long term position. Like this level a lot before we go to all time highs.
TEAM watch $256.72: Golden Genesis Quadruple Top or Break-n-Run?TEAM appears ready to break a well Ping'ed Golden Genesis fib.
Could be a double top on 3-day, and also a double top on 3 hour.
But looks likely to break and should pop to next fib pretty quick.
$256.72 is the magic number that everyone will be watching.
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TEAM showing bullish upsideThe price just bounce back from its bottom and heading towards to bullish side trend the kijun sen is been breach and the trend already change when that happens it was also supported by tenken sen pointing directly to upward potential while the span a is also supports it so thats make a 3 valid points to consider this stock
Atlassian Corporation (TEAM) -Ascending Triangle Breakout TargetOverview: Atlassian Corporation (NASDAQ: TEAM) has been forming an ascending triangle pattern, which typically signals a bullish continuation. The stock has broken through a key resistance level at approximately $165, indicating potential further upside.
Technical Setup:
Pattern: Ascending Triangle
Breakout Level: ~$165
Target Zone: $190 - $200 (as shown in the highlighted area on the chart)
Trendline Support: The upward trendline has been acting as a consistent support, guiding the stock higher since mid-August.
Earnings Catalyst: With earnings approaching, the release could act as a potential catalyst to expedite the completion of this pattern, either causing a breakdown below the neckline or a temporary rebound before further selling pressure.
Price Action:
The recent breakout above the horizontal resistance around $165 signals the possibility of a bullish move toward the target zone of $190 to $200.
The breakout is confirmed by the price action breaking above the consolidation range and holding above the previous resistance.
Key Dates:
Short-term Target Date: Potentially reaching the target by December 2024, with further continuation into 2025 depending on market conditions.
Risk Management:
A breakdown below the trendline support (~$160) would invalidate the setup and may suggest a reassessment of the position.
$TEAM - Looks attractiveNASDAQ:TEAM looks attractive. It is trading against the upper trendline of a descending broadening wedge. A breakout could send the stock to the $200 area.
Watch the $170 area for confirmation.
See the targets, support, and resistance areas in the chart.
As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
TEAM - GAP TO $173.25TEAM - Stock in the gap to $173.20. Looking for calls above $160 for strength into gap fill. Stock is strong on indicator level. Stock has small resistance at $163 as well.
Atlassian: One Last DipWe still allow Atlassian a little room to the downside. Above the support at $114.11 it should end the magenta wave (B). Subsequently, a rise above the resistance at $283.25 is on the agenda, which will end the green wave (X).
TEAM is BullishA bullish divergence seems to be at play as the price has given a good break out. First higher high followed by a higher low is printed indicating the control of bulls. If this momentum sustains then we can expect further highs as per Dow theory. Targets are mentioned on the chart.
7/8/24 - $team - simply too rich >$1807/8/24 :: VROCKSATAR :: NASDAQ:TEAM
simply too rich >$180
- like the product, unique biz/ppl/ software mgmt platform
- nearly 10x fwd sales for 25% growth is expensive, perhaps justified given quality/ embeddedness of product but tough to justify given comps
- equivalent comps likely trading in the HSD multiples, 7-9x. only 10x's and above I see r delivering in the 30's growth
- 60x PE reinforces this notion
- note to self to re-evaluate if/when we get back below $150 which i believe is a matter of time all else equal
- gl to holders
V
ATLASSIAN LONG Target: 260.00 USD (Buy & Hold < 12 months)Atlassian shows long-term positive momentum. This is a play with elevated risk and the necessity to hold this position long-term up to 12 months. The stock is undervalued at present and has large upside potential beyond the 260.00 USD price target.
Atlassian Corp Expected Bullish Price action of the Atlassian Corp suggesting bullish trend. On the basis of price action Entry and exit level has been define.
Disclaimer:
The information and publication are not meant to be and do not constitute, financial, investment, trading , or other types of advice or recommendations supplied or endorsed by Trading views.
Atlassian Corp (TEAM) BUYThe paper is in a weakening trend,
but it is now touching the level shown in the picture for the second time.
A rise can be expected again.
TEAM Atlassian Corporation Options Ahead of EarningsIf you haven`t sold TEAM before the previous earnings:
Then analyzing the options chain and the chart patterns of TEAM Atlassian Corporation prior to the earnings report this week,
I would consider purchasing the 200usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $13.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TEAM- pullback nearly finished.TEAM- pullback nearly finished.:
-ABCD pattern.
-Bull flag pattern.
-Key level support.
-Demand zone.
-Volume logic.
.
Wait n see! Good luck!
TEAM longhi 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 $
TEAM maybe reaching a local bottomlooks 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.
TEAM: Potential BuyPrice 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.
