Verified Investing on $FSLR (Nov 4, 2026)

Next up is FSLR (FSLR ) stock, another potential bet that takes us back to the Green New Deal that took place under Biden. I know that these new members will not have complete control over the entire government.

However, they will be in a position to control both the House of Representatives and the Senate. So, if they push forward with any of these initiatives, you can see that First Solar has attracted a great deal of attention today.

The stock saw a significant rise during the day of 4.63, but it lost most of its gains on today's chart, and you can see one of the reasons for this. You can see that this chart reflects a breakdown with a parallel upward line dating back to April 2025.

Look at that remarkable movement of breakdown, then pullback, then trend fading that occurred. After it faded, the stock entered a downward accumulation phase just before the midterm elections .

This outcome of the midterm elections, which shifted the balance of power in the House of Representatives and the Senate, surprised many speculators who had been betting against the market.

There was a lot of short covering, and probably a lot of investors joined in, because this was a great opening with a price gap of around $200 today for FSLR stock. But given how badly this stock has been affected, I understand why it has reached its current state as a result of profit-taking and covering short positions.

I expect that if we see more consolidation, and perhaps a pullback to the support level at 184.58 and the building of sideways momentum, we may be able to make another attempt to break through the bottom of this parallel channel.

It may take some time given the volume of selling that occurred today, but it has already started to recover by about $1.60 in after-hours trading, and is now trading at 196.15.