FSLR broke its parallel channel and was rejected on retest; the $195-200 pivot low is first resistance, and clearing it would likely bring a re-attack, with a near-term push to the channel's bottom possible. But it gives little power to AI data centers and is pricier, so breaking back in is hard while costs hold.

Uh next up, FSLR had a nice day today. You can see here up 3.83%. This was on the back of news of analyst downgrades for targets right around the $200 range.

But what I wanted to illustrate much like what was going on on the chart of STX is that when price breaks these parallel channels, notice how price has already gone up once, retested that parallel, gotten rejected.

Now we're making another attempted bounce to move higher. First level of of resistance. It's going to be this previous pivot low 195 to $200 range. We get through there. Looks like FSLR is going to make a beline to reattack that parallel channel.

Now FSLR will have heavy demand with AI data center buildout. It just doesn't provide an awful lot of power. Plus, it's also a pricier option. So is as long as they maintain those current costs, it's going to be hard for them to break back in that parallel.

But I see a scenario where we could be attacking $200 in the near term. We'll see if we can put in consolidation after that and then push forward to that bottom of the parallel channel.