Software company Atlassian Corp ( TEAM) develops software products. The company is slated to report their latest quarterly figures after the close of trading Thursday and the stock price has been mooving higher since the middle of May. 
In our June 24 review of TEAM we concluded that "Traders could go long TEAM at $200 or better risking to $180. The $278 area is our price objective."
Let's check out the charts again.
In this daily bar chart of TEAM, below, we can see that prices made a low in May and a successful retest of that low in June. Higher lows can be seen in July. TEAM is now trading above the rising 50-day moving average line. The slower-to-react 200-day line is still in a decline and intersects up around $285.
The On-Balance-Volume (OBV) line made a low in May and has improved telling us that buyers of TEAM are now more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator has been bullish since early June when it crossed above the zero line.
In this weekly Japanese candlestick chart of TEAM, below, we can see a number of lower shadows in May, June and July. The path of least resistance appears to be up. The weekly OBV line shows a rise in July. The MACD oscillator has crossed to the upside for a cover shorts buy signal.
In this daily Point and Figure chart of TEAM, below, we can see a potential upside price target in the $301 area.
In this weekly Point and Figure chart of TEAM, below, we can see a price objective in the $309 area.
Bottom line strategy: I have no special knowledge of what TEAM is going to report this evening but traders who are long TEAM should continue to hold those positions. The $275 area is our price target.
