TEAM Rides Bullish EMAs Higher to $163.15

Atlassian Corp (TEAM) closed up 1.26% at $163.15 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($161.96) with a bullish stack. The 21-day EMA at $160.28 provides support.
• Momentum: RSI at 63.0 is in neutral territory. MACD is bullish (2.27 vs signal 2.12).
• Volatility: Stock has been in a TTM Squeeze for 3 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $151.64, Resistance at $167.83.