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Atlassian (TEAM) Bull Flag Above the Rising 8-EMA

Atlassian (TEAM) Bull Flag Above the Rising 8-EMA

by | Oct 17, 2021 | Chart SetUps

Atlassian (TEAM) shares flagging in a multi-week range under recent highs at $420 and broke above monthly value high on Friday. The rising 8-EMA remains supportive and TEAM has shown relative strength versus the Nasdaq since September and ready to reassume its leadership position. MACD Is sitting right at a bullish crossover and RSI back above 60, ready to move.