As for FSLR stock, it was negatively affected by today's interest rate hike. As you can see, a bearish flag pattern has formed on FSLR stock over the past six days , but more importantly , what are we seeing in this pattern?
We are witnessing many breakouts and rebounds. The same applies when it decreases. We are seeing dips and rebounds, then a gradual decline on the chart. And that's exactly what happened with FSLR stock.
As you can see, initially the price fell from this parallel upward line that had remained stable since its lows in April 2025, then fell again, and we have now noticed this decline, forming a descending flag pattern that is falling further.
As you can see, I have summaries on the screen showing my expectations for the next bounce. We will use Fibonacci retracement tools , moving the price to the lowest level in the parallel channel range , and then raising it to the highest level.
As you can see, the Fibonacci retracement level is at $160.30. And directly above it is the price gap closing level. If the decline continues tomorrow, I expect a rebound soon at this level.
