Celestica (CLS) is one of the largest electronics manufacturing services companies in the world. They are also reporting earnings Wednesday. Though they didn’t hit the Surprise Trader screener this time around, it is a big report to watch. The options imply a 10.6% move on earnings, meaning that this thing could really scoot.

The stock has been under pressure after ticking up to all-time highs last Monday intraday. The stock failed to hang onto that level and now is down for six consecutive sessions. Downside support ahead of the report and virtual investor meeting sits down around the 50-day moving average at $51.66. Below that, the 200 is at $47.85.

Moving Averages: Bartosiak starts by examining the stock's moving averages, such as the 50-day and 200-day moving averages. He points out the significance of crossovers and divergences between these averages, which can indicate potential trend changes.

Support and Resistance Levels: Bartosiak identifies key support and resistance levels on the chart. These levels act as barriers that the stock price must breach or hold above, providing traders with critical decision points.

Chart Patterns: He discusses chart patterns like head and shoulders, cup and handle, or flags, and their relevance in predicting future price movements. These patterns can offer valuable insights into potential bullish or bearish trends.

Volume Analysis: He emphasizes the importance of volume analysis in confirming price trends. An increase in trading volume during a breakout or breakdown can validate the significance of a price move.

Dave Bartosiak's technical analysis approach adds depth to our understanding Celestica’s stock chart. By paying attention to moving averages, support and resistance levels, chart patterns, technical indicators, and volume, he equips investors with a comprehensive toolkit for making well-informed decisions in the stock market. Remember, while technical analysis is a valuable tool, it's important to consider other factors like fundamental analysis and market sentiment before making investment choices.

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