Singapore-based Flex Ltd ( FLEX) has made an upside breakout from a long sideways trading pattern. Old timers may remember the company better as Flextronics from the go-go 60's period of Wall Street.
Today the company "provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe." Let's check out the charts and indicators. 
In this daily bar chart of FLEX, below, we can see a strong rally from July. A "neckline" can be drawn across the $19.50 level. Notice the upside breakout in November? Prices are above the rising 50-day and 200-day moving average lines. A low point in July marks a turning point for the stock.
The On-Balance-Volume (OBV) line starts a big rise in July telling us that buyers of FLEX are more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator is bullish.
In this weekly Japanese candlestick chart of FLEX, below, we can see a long sideways trading range from early 2021. Boring. There is a downside move from this sideways pattern in June of 2022 and then prices reverse direction and then break out on the upside. Prices are now trading above the rising 40-week moving average line.
The weekly OBV line made a low in February that was tested successfully in June and October. The OBV line has improved but has not yet broken out to a new high to confirm the price action. The MACD oscillator is bullish.
In this daily Point and Figure chart of FLEX, below, we can see the price advance and a nearby price target in the $24 area.
In this second Point and Figure chart of FLEX, below, we used weekly price data and here the software projects a price objective in the $36 area.
Bottom line strategy: Traders could look to buy a pullback to the $22 area risking to $19. $26 and then the $36 area are our price targets at this point in time.
