Flextronics International is back on its support area and this is a strategic entry point.
Recent downward revisions of future revenues and benefits are priced in the current the stock's value which is currently down of about 20% since its highs.
Technically, the security is in a consolidation area limited by the significant USD 10.6 support and the USD 12.8 resistance. Above the lower limit, investors could aim a rebound toward the first resistance at USD 11.3.
As a result, active investors can take immediately a long position in Flextronics International thanks to the close proximity of the USD 10.57 support area. The target price is USD 11.3 and in case of breakout of this level, the second target price would be USD 12.15. If there is a breakdown of the USD 10.57 support, investors should close their trade.
Flex Ltd. is engaged in providing a portfolio of manufacturing solutions and services. The Company operates through three segments: Flex Agility Solutions (FAS), and Flex Reliability Solutions (FRS). The FAS segment is comprised of various end markets, such as Communications, Enterprise, and Cloud (CEC), including data infrastructure, edge infrastructure and communications infrastructure; Lifestyle, including appliances, consumer packaging, floorcare, micro mobility and audio; and Consumer Devices, including mobile and high velocity consumer devices. The FRS segment consists of end markets, such as Automotive, including mobility, autonomous, connectivity, electrification, and smart technologies; Health Solutions, including medical devices, medical equipment, and drug delivery; and Industrial, including capital equipment, industrial devices, and renewables and grid edge.
FLEX LTD. 
