To keep things a bit more simple on a Monday morning, we’ve found another relatively straightforward setup for us traders to possibly take a trade on to kick off another great week of trading. The stock we are looking at today is a manufacturing services company, which delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

The stock we are looking at is Flex (FLEX). Before we look at the trade, I want to draw your attention to some of the level highlighted in the video below. From there, we can being to look at the trade at hand and begin to understand the rationale behind today’s trade idea.

Given the way the stock has acted in terms of support and resistance over the past several weeks, bounces may be a bit more favored here seeing as how this stock’s trend is still upward. However, the two levels to keep an eye on are 27 as resistance and 25 as support. With a break of either of these levels, some follow through in that direction should be expected.

Make sure to set some alerts on either price so you know exactly when price breaks either one and you can act given any further confirmations.

If you like The Profit Machine (TPM), then you will really like my Wednesday Profit Room trading service. Same high-quality options action, as well as more world-class trading education. As I say, the more screen time and education you expose yourself to, the better. Give it a try for one month here and if you don’t find even more value, cancel anytime. Your success as a trader is on the other side of hard work and education, will you be willing to put in the work with me as your guide? Give it a try today!

Good Luck With Your Trading!

Christian Tharp, CMT