1. FSLR is experiencing a potential short squeeze leading to stock price increase. 2. Resistance level is set at $200; support is around $155. 3. A long put butterfly strategy is advised for trading based on volatility. 4. Breakeven for the strategy is $173.45, with potential profit of $18.45. 5. Market uncertainty may lead to choppy trading conditions in the near-term.
The anticipated short squeeze could temporarily boost FSLR's stock price, akin to past events such as the short squeeze in late 2020 that elevated share prices significantly before correcting.
The article provides actionable insights and immediate trading strategies focused on the stock, indicating potential price movements.
The effects of the short squeeze are likely to stabilize in a few months, similar to previous short squeezes that created immediate price spikes followed by corrections.