What I see + Prices retraced to mid-March low and rebounded strongly to the neck line + Right shoulder formed after prices rebound from April low + Price has gone up ~20% for the year, not a bad performer during CV-19 + With all the work-from-home workers scattered around the world, Atlassian provides the software tool that these companies need to allow the workers to work remotely.
- Earning call in 2 days; typically would avoid
Setup.. Entry - tight entry to get into position early Target - $200 - round-number resistance - but will setup trailing stop to let it run Stop - A lose Stop range in anticipation for volatility around earning
Trade active
+ Gap up to above entry level
:: Earning in 3 days :: Maintaining Stop as volatility is anticipated
- Pulled back to end the day in the red - Long upper shadow
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.