TEAM trade ideas
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
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TEAM over 240.26Relative strength on last week's market weakness, can break higher out of this descending broadening formation. Cloud/software/cyber security names looking strong into this week, we'll see if this sector gets rotation.
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.
I am on the TeamAtlassian has been a great performer over the past year and that trend might continue into 2021. Going long with a stop at 219 looking all time highs is a decent risk/reward opportunity. Earnings could be a catalyst as well.
$TEAM Head&Shoulders50 MA coming up meeting the neckline of head and shoulders short term possible top. Jump?
TEAM - H & S PatternTEAM - is a good short if it confirms by breaking the shoulder trendline. I do think it weakens here...so it may at least test the shoulder line. Earnings are coming up too, so that could throw a wrench in the scenario. But it's a nice pattern to watch out of curiosity.
Atlassian - Trend continues nicelyThe trend is your friend, 4 years in with a lovely channel with highs and lows consistently bumping off the channel lines.
On watch for cloud resurgence Good over 195, great over 200. Strong name with potential to run in sympathy with cloud names like $WDAY reporting this week.
TEAM weekly/daily 167.25-159.4 pro: 1. origin of weekly move 2.TEAM weekly/daily 167.25-159.4
pro:
1. origin of weekly move
2.W/D/240 min coninciding zone
3. 3 exciting candle in daily
con:
1.smaller exciting candles in daily 1st one
2. small candles in rhe letf of zone
3. all tech stocks are coming down drasticlayy for past 2 trading session
Confirmation entry only
pro:
1. origin of weekly move
2.W/D/240 min coninciding zone
3. 3 exciting candle in daily
con:
1.smaller exciting candles in daily 1st one
2. small candles in rhe letf of zone
3. all tech stocks are coming down drasticlayy for past 2 trading session
Confirmation entry only
TEAM inside daily candle - 11/6/2020set alerts on monday for the break on today's high/low to the target in that direction.
#TEAM $TEAM
12/29 TEAM Earnings PlayThat my friends is a text book bull flag.
Flag pole up and a nice wedge down.
Confirmation first thing Monday when it breaks out of that wedge and goes back up to test $116
Team 3rd time the charm?A good software name trying that 200 level again. A close over I would expect to see the next expansion to come.
Team looking like a healthy break up!Trade idea posted on chart
Long target 230
SL 197
Be careful with news tomorrow in case of Stimulus
220-197 very viable on wednesday depending on answer
