I originally started doing this for some quick, short, profitable trades between bigger things. That will do it for me with FLEX for now. It's definitely going to be a down month, I would say at this point. I don't follow those perpetual ghouls, but they could be onto something this particular time. They are talking about "black swan events" on Marketwatch. Macro events still linger somewhat the debt ceiling issue resolved for the moment, but indicated to return. Overall market angling in the downward direction (more and more). The handwriting is on the wall here, for those than can and want to read it. Good luck longs and hopefully Flex sees some genuine upward momentum between now and the end of the year (which ISN"T that far away, really). That's why those discussions are important. You'll NEVER hit a $23 target price if it cannot ever seem to get to $20 in general. those small moves need to become BIG moves (that's what happened approx. You can't get to 12 month target levels until you see break outs from range trading I.E. Just as an FYI, we discuss the range-bound, small moves of this stock, because they are first step indications. If the volume isn't there it's just wishful thinking, and it probably won't last. If it has real strength, look for a solid move up with average to above average volume. I suppose that we will know shortly where FLEX will go. Could this time finally be THAT time? We are into Autumn and we have now seen a selloff (hopefully it's out of the way now). ( I agree, they have been saying that A LOT and we STILL haven't seen $20.) Trading Central is stating that if $17.80 holds (through the last meltdown) then expect $20.60.
Here we are once again does it make another attempt and finally break out, or the opposite?
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