$FSLR – Big Breakout Over $200 on Solar Sector Catalyst

– Solar Sector Breakout on Major U.S. Supply Chain News
First Solar () is ripping through the $200 breakout level today, fueled by a powerful sector-wide catalyst.

🔹 The News Driving It:

Solar stocks are catching a major bid after T1 Energy (NYSE: TE) announced a strategic supply agreement with Corning to produce fully American-made solar panels.

This strengthens investor confidence in the U.S. domestic solar supply chain — a narrative Wall Street loves right now.

🔹 The Technicals:

has cleared $200 resistance with strength and volume.

The chart has been coiling for weeks — this breakout is resolving a larger base.

Sector momentum + breakout structure = high probability for continuation.

🔹 My Trade Plan:
1️⃣ Entry: Breakout over $200 with strong volume confirmation.
2️⃣ Stop: Just below the breakout level to protect gains if it reverses.
3️⃣ Target: Riding sector momentum — trailing stop strategy for potential extension.

Why I Like This Setup:

Clean technical breakout aligning perfectly with a macro & sector catalyst.

is a leader in the solar space — when the sector runs, leaders often outperform.

Volume today confirms institutional interest.

kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

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kunal00

📈 Kunal Desai, Founder of BullsOnWallStreet – Trading Education Since 2008
🚀 Learn my trading strategies, watch live setups, and get mentored:
🔗 bullsonwallstreet.com

Also on: