Atlassian shows long-term positive momentum. This is a play with elevated risk and the necessity to hold this position long-term up to 12 months. The stock is undervalued at present and has large upside potential beyond the 260.00 USD price target.
Trade closed: target reached
NEW TP set to 187.00 USD due to reevaluation of momentum.Otherwise, move SL to entry (172.00 USD) and take partial profit.
If you have higher risk affinity move SL to entry (172.00 USD) and set new TP to 250.00 USD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.