Atlassian Corporation Plc (TEAM) is one of the super and best stock to buy as of April 4, 2019. It’s a big cap growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock had solid run in 2017 and most 2018.
3. The stock found support at the 50 day moving average line during the run up.
4. The stock went into a wild consolidation and below the 50 DMA line.
5. The stock bounced back nicely after the consolidation.
6. The stock also found support at the 50 DMA line during the bounce back.
7. The accumulation wasn’t great, but decent enough.
8. The stock appears to be had a quick consolidation.
9. The buy point would be $112.68 – $118.31.
