$FSLR Is Still Bullish, But $180 Matters Now
$First Solar(FSLR)$ is testing a potential structural shift, so this week’s price action matters.
To keep the bullish structure intact, I want to see $180 reclaimed by the weekly close.
The stock is still trading at a significant discount, and if the structure holds, I’m watching for a move toward $320 over the next 12 months — roughly +77% upside.
There’s also a chance this is simply a stop hunt: price breaks below support, triggers stops, then quickly recovers back above the key level.
We saw a similar setup in Oracle during the week of July 20 before the stock went on to rally more than 50%.
I’m still bullish on $FSLR, but I’m staying objective.
🎯 $180 reclaim = structure stays intact
⚠️ Weekly close below = reassess the setup
🚀 $320 = longer-term target
The weekly candle close is what I’ll be watching.
Markets are always moving - and sometimes, the best move is knowing what works for you.
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