Neutral stance on Atlassian; not bearish but warns that historically poor margins are a risk factor requiring monitoring.

I've got Atlassian's doing really well. Nice bottoming over here on Atlassian. We don't actually have a retracement on Atlassian, but we can easily throw this in. We uh don't have exposure to Atlassian, but we've done a lot of fundamental analysis on them, and they have very good numbers.

Uh very good growth, uh you know, great balance sheet, cash flow, very, very good numbers here. There's a lot to like at this company.

So, I'm happy to see this because to me it's part of the software rebound thesis and it's really playing out here now breaking out over the uh 199 retracement. And look at this.

We're we're literally that's a perfect first fib retracement rejection. You could argue this right here is a rejection and a bounce. Uh and now we're breaking through the next one.

Uh, how are we? So, we got Atlassian's doing well. Let's look at some of the the software names. We got Atlassian doing well.

You're seeing a recovery in Atlassian.

That's true for many software plays, whether it's Atlassian. You our our course member live streams, we've done quite a quite a lot of analyses on uh on Atlassian, great balance sheet, uh great growth.

Uh what about Team? Same thing. Not bearish it. Problem with Team is when you analyze Team, if you look at their historical margins, they're really bad and they're inflecting up uh on in the recent term.

And hopefully that keeps going with artificial intelligence, but you have to watch for those red flags.