Atlassian UndervaluedThis Aussie company has its finger in many pies in the software world and it will continue to drive improvement in their capabilities which will directly impact their commercial performance.
Currently trading at US208 I feel this is undervalued. The current market performance across the board with inflation pressures and recession talk has this stock sitting well below where it below. For me its a strong buy, this will be back in the 300's in no time.
T1AM34 trade ideas
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$TEAM TRADE IDEA$TEAM has fallen back below its trendline into the falling wedge pattern after it attempted to breakout. There is strong downwards momentum that will most likely push it further down into a support level that I believe it will fall against. I'm looking for $TEAM to possibly come down to the support level of $238 if this downwards momentum continues.
ABC BullishThis is up quite a bit on the upside from C which is where ideally a stop would be placed. You may see a another support level.
Earnings are 4-28 and this company does not have history of missing.
I have noted this can pull back like a LULU, so be safe of long entry
Red Candle today seems to beginning down prior green candle from yesterday and if it gets half way down that prior green candle, it can form a dark cloud cover formation. At this moment it is not quite there yet.
No recommendation.
This one needs a good long entry level for me.
1/30/22 TEAMAtlassian Corporation Plc ( NASDAQ:TEAM )
Sector: Technology Services (Packaged Software)
Market Capitalization: 80.671B
Current Price: $319.17
Breakout price: $326.80
Buy Zone (Top/Bottom Range): $302.25-$268.75
Price Target: $365.00-$372.00 (1st), $424.00-$429.00 (2nd)
Estimated Duration to Target: 51-55d (1st), 123-130d (2nd)
Contract of Interest: $TEAM 3/18/22 340c, $TEAM 6/17/22 350c
Trade price as of publish date: $16.50/contract, $28.40/contract
TEAM: High short % floatMost people look at short % float to look for potential short squeezes. I look at them to identify potential good shorts on companies that are not doing great.
Generally speaking heavily shorted stocks will go down in time (even tho they might experience squeezes from time to time). Also from a technical standpoint TEAM is trading below both 200 and 50 MA and it seems likely they will cross soon.
Bullish Long-Term Channel for $TEAMViewing the monthly log scale chart for $TEAM, it is evident that this software company has been riding a robust bullish channel since establishing a successful C&H near its IPO in 2016.
With solid leadership, accelerating margins, and an impressive EPS estimate beat track record, Atlassian appears to be an excellent pick for the long-term.
TEAM - Atlassian CorporationStarted position in TEAM this morning after it undercut & reclaimed its PEG low yesterday. Very small, 30bps risk. Will increase position size if the stock reclaims its PEG day anchored VWAP and again if it clears its inside pivot around $462.50.
Stop loss is below yesterday's undercut low.
$ROKU $SQ $TEAM $MSFT I OptionsSwing WatchlistROKU 4H I Our scanners picked up an interesting trade before market close on Friday. ROKU $325c 11/12, it was a $500K trade. Setting an alert on a break from the trend.
SQ 4H I There is a mini gap to fill from $252.75 to $255.50. Our OS ALGO picked up bullish activity on SQ $250c 10/22 @ 3.85 before market close on Friday.
TEAM 2H I Possible ascending triangle pattern on TEAM. Retesting 52 week high levels amid strength in the cloud sector. Bullish OS ALGO activity on TEAM $410c 10/22.
MSFT 2H I After a strong move on the cloud sector the past few days, we are seeing MSFT back to testing ATH levels near $305. Watching for a breakout above $305.80.