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Atlassian Is Now in the Latter Stages of Its Decline

·1 min read
Atlassian Is Now in the Latter Stages of Its Decline
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Atlassian Corp (TEAM) is an Australian software company that develops products for software developers, project managers and other software development teams. In this daily bar chart of TEAM, below, we can see that prices declined from early November to a low in May. Prices have retested the May low and are looking stronger as they are pushing above the early June highs. The On-Balance-Volume (OBV) line made a low in May and a higher low in June to signal a shift from aggressive selling to aggressive buying.