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Flex Ltd.

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FLEX trade ideas

FLEX Ascending Triangle Breakout Very strong trend, MACD bullish for the weekly, daily and 4h time-frames but bearish for the 1h time-frame. Supprt zone (Green rectangle) is stringer than usual due to the several EMAs in it. Likewise, we now have a bullish crossing of 200EMA & 100EMA indicating how strong the trend is and acting as support too. Yesterday FLEX recieved the Cisco award for sustainability but it doesen't seem to be significant. Expecting to see the price drop all the way to the trendline support You can also see that whithin the triangle, every time the RSI passed 65 the price dropped back to the trendline support The same pattern applies to the bollinger bands indicatore. Every time we touch the upper band, the price drops and retests trendline support Will be waiting for the price to retest the trendline support and then I will enter, sell the first partial before breakout and the second one before the 1.414 fib resistance.
NASDAQ:FLEXLong
by HenryKaplinski
FLEX - DAILY CHARTHi, today we are going to talk about the Flex Ltd and its current landscape. Huawei and its suppliers received exciting news, as the U.S. Commerce Department renewed a 90-day period extension, that grants to American companies’ permission to continue to do business with the giant Chinese telecom companies. Commerce Secretary Wilbur Ross's announcement included that the need for extension was also due to the necessity of some rural communities of the Huawei 3G and 4G networks. The extension should keep the supplying chain going, principally of the Americans ones like Flex Ltd that have its revenues highly exposed to Huawei demand (5% of its revenue, represent by ¥2.43 billons) and have now another quarter of relief from the tension of loose a so significant company like Huawei. The concerning aspect it’s if this extension doesn't lift the results of its supplier on the next quarter, considering that the Chinese company might already be restructuring its supply chain, as the uncertainty created by the ongoing Trade War that ended blacklisting the company on the U.S. The Huawei CEO Ren Zhengfei also already have been clearly vocal that isn't concerned with the U.S decisions and said that Huawei could grow without the U.S markets. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NASDAQ:FLEX
by Igor-Silva