Hi, 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...
Table of contents:
§ 1 About FLNG
§ 2 The market
§ 3 Why I am bullish
§ 4 The risks
Flex LNG(FLNG) is a Norwegian company.
They specialize in transporting liquid natural gas around the world for heat, cooking etc.
They also create ships themselves, specially created within the CE regulations to ensure safe transport, as natural gas is highly flammable and...
FLEX is suffering from the trade-war between Trump and Xi (US and China).
Huawei is "angered" at how FLEX has managed the situation.
They report earnings today after hours. (July 25th)
I would sell all my position right away.
This pair should complete the double top which is not retesting its neckline, and from there, as we know that 90% of the time after a pair complete a reversal pattern, it will then go back to the neckline again, that movement will be creating the right shoulder, which will from there let this pair fall very heavily to complete the H&S