Atlassian Corporation Plc (TEAM) is one of the super and best stock to buy as of April 16, 2019. It’s a growth stocks with strong fundamentals and technical action. Let’s look at the stocks technical actions using a weekly chart.
2. The stock was in a consolidation in middle of 2017.
3. Then stock steadily went up first part of 2018.
4. The stock witnessed a solid run in 2nd part of 2018.
5. The stock found support at the 50 day moving average line during the run up.
6. Then the stock had quick but wild consolidation. It’s even lost the 50 DMA support.
7. The stock had an another solid run in early part of this year.
8. The stock also found support at the 50 DMA line.
9. The accumulation volume was running around average or slightly below.
10. The stock appears to be in a quick consolidation.
11. The buy point would be $116.70 – $122.54.
