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Trader Journals:::2026-10-26T12:54:19

Don't panic - buy stocks!

T1 Energy (TE) — Potential Rebound Toward $3.90 (+70%)

Don't panic - buy stocks!

T1 Energy has been in a prolonged downtrend after reaching the $12.50 area, with the price forming a series of lower highs and lower lows. The stock is now trading around $2.30 and is approaching an important support zone between $2.20 and $2.35. This area is close to the recent low, making it an important level to watch. The latest price action shows the stock testing this support after a sharp decline. Buyers need to defend this zone and show signs of stabilization before a stronger recovery can be considered. A sustained hold above the $2.20–$2.35 support zone would keep the potential rebound scenario valid. The first important confirmation would be a move back above $2.70–$2.90, followed by a reclaim of the $3.40–$3.50 area. If buyers regain control, the main target is around $3.90. From the current price near $2.30, this represents a potential upside of roughly 70%. This target is important because it sits near a previous reaction area, where sellers could become active again. A successful break above $3.90 could open the way toward the next resistance zone around $4.00–$4.50, followed by $4.90–$5.40. These higher levels would become relevant only if the rebound gains momentum and the price structure improves. The bullish rebound scenario would be invalidated if TE loses the $2.20 support area and forms a new lower low. Until then, the current setup can be viewed as a potential 4H rebound rather than a confirmed long-term trend reversal. For now, the key levels are $2.20–$2.35 as support, $2.70–$2.90 as the first confirmation area, $3.40–$3.50 as the next recovery level, and $3.90 as the main target.
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