TEAM Atlassian Corporation Options Ahead of EarningsAnalyzing 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.
TEAM trade ideas
Atlassian: The hunt for the annual high 🏹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 significantly higher.
teamNASDAQ: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.
Price is below a Below a Descending TriangleTriangles are still just triangles be it a Descending, Ascending or a Symmetrical triangle.
Neutral until broken.
All 3 triangles are neutral and can break either way like flags and pennants.
In reality, I guess structures/patterns can morph and can do what folks jump in to trade it in bulk. Then the triangle breaks.
We learn from each other here, or at least I do.
The most recent bottom is 113.86. I like this stock but I do not think this company headquarters is in the US which equals 0 dividend.
I like GLOB which is on same boat as TEAM lacking a dividend since it is not based in this country.
I am watching TEAM and this may not be the bottom. Sometimes I have no clues and the market has been a bit dizzy.
This may make a lower bottom/earnings miss and no dividend, or not at least for USA investors since it is not based in this country meaning no dividend in this country as a rule.
No recommendation.
Short interest is around 2.56%
Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise organizations to build and manage a master plan that maps strategic projects to the various work streams required to deliver them; and Opsgenie, an incident management tool that enables IT teams to plan for and respond to service disruptions. The company also provides Confluence, a social and flexible content collaboration platform used to create, share, organize, and discuss projects; and Trello, a collaboration and organization product that captures and adds structure to fluid, fast-forming work for teams. In addition, it offers Bitbucket, a code management and collaboration product for teams using distributed version control systems; Atlassian Access, an enterprise-wide product for enhanced security and centralized administration that works across every Atlassian cloud product used, including Jira, Jira Service Management, Confluence, Trello, and Bitbucket; and various other products, such as Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree, and Statuspage. Atlassian Corporation was founded in 2002 and is headquartered in Sydney, Australia.
Atlassian Corp- TeamAtlassian Corp - It has formed Falling Wedge Patten. As you can see the numbers 1,2,3 are the support for the trend line and it was not able to brake and go below the trend line as we got the 1st support there @ 188.56
Once it breaks the upper trend line we can see a good fast move. Also can be bought at the current range too. 1st target will be 226 and ++ if it broke the upper trend line
Disc- Its only for learning Purpose and not a trading recommendation.