High probability trend continuation in TEAM

Jul 2, 2020

- Coming off 50 Day moving average
- Exiting pennant
- Breakout on a 3 day weekend (Only strong hands hold over long weekends)

Long term chart...

Jul 2, 2020

Note

Looking at seasonality, TEAM performs best in the month of JULY since 2016.

Here is the source: stockcharts.com/freecharts/seasonality.php?symbol=team&compare=

I don't know why. I don't care why. And don't want to know why. However, it does add another interesting layer of confluence (but does not change my stop loss).

Also: an IMPORTANT LESSON from the 1st lockdown: Companies that help online business thrive did well and continue to do well.

Jul 13, 2020

Trade closed: stop reached

@187