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Todays Big Stock Wealthpop News

Which Key Level Will Flex (FLEX) Break First?


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

Christian Tharp

I am an expert stock market coach having helped over 4000 beginner and advanced traders & investors from around the world take control of their financial futures. I also write stock market related articles for the Adam Mesh Trading Group. My Chartered Market Technician (CMT) designation substantiates me as an expert in areas such as the technical analysis of stock trends, market indicators, cycles, price patterns, Elliot Wave principles, Candlestick charting, analyzing financial trends and behaviors, portfolio strategies, and forecasting future price movements. With my straightforward approach to simple, systematic trading, students learn how to strategically assess buy signals and market entry timing, establishment and management of stop losses, and how to employ a simple and disciplined trading approach that creates profits.

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