In his second "Executive Decision" segment of his Mad Money program Friday evening, Jim Cramer sat down with Mike Cannon-Brookes, co-founder and co-CEO of Atlassian Corp. (TEAM) , the collaboration software provider.
Cannon-Brookes said that almost every company is adding technology into their business and Atlassian is about solving human problems and helping humans solve complex problems together. Atlassian provides software that's custom built for the processes and work flows needed.
Let's check and see how the charts are flowing.
In this daily bar chart of TEAM, below, we can see that prices corrected from August to December and then rallied into the new year. TEAM is still above the rising 50-day moving average line and above the rising 200-day line.
The On-Balance-Volume (OBV) line shows a firming trend from late October.
The Moving Average Convergence Divergence (MACD) oscillator turned bullish in January as it moved above the zero line but it has since crossed to the downside for a take profits sell signal.

In this weekly bar chart of TEAM, below, we can see that prices have made an impressive rally over the past three years. TEAM is above the rising 40-week moving average line.
The weekly OBV line shows a rally from October but it has yet to make a new high for the move up.
The MACD oscillator on this longer time frame is above the zero line but the two moving averages that make up this indicator have begun to narrow.
In this daily Point and Figure chart of TEAM, below, we can see that the software is projecting a possible downside price target of around $117.
Bottom line strategy: In this "unsettled" market environment traders and investors need to be nimble and cautious. I do not look for TEAM to be as weak as the Point and Figure chart suggests but I would not rule out the risk of a decline.