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ATLASSIAN CODRN

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T1AM34 trade ideas

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
NASDAQ:TEAMShort
by VROCKSTAR
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.
NASDAQ:TEAMLong
by Killahherb
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
NASDAQ:TEAM
by VROCKSTAR