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Tesla Stock Has Ripped the Past Month by scaredycatguide

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· @scaredycatguide ·
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Tesla Stock Has Ripped the Past Month
Honestly, Tesla's stock looks overbought.  That doesn't mean it has to go down though.  Personally I wouldn't mind a little profit taking so I can adjust some of my options positions, but that opportunity has ceased to come yet.

 https://images.hive.blog/DQmNQzZ6vZEb3xzggqiYX2GyiAQCV3pcFqXW1P9NtA4KM4R/image.png 

The reality is, the stock could still push higher before working off the short-term overbought conditions....like the saying goes - "the market can stay irrational longer than you can stay solvent."

This is not to say price action is irrational on the stock, just that overbought territory can last longer than you think.

The flipside is the stock and the market for that matter can turn down next week, but things still look strong, even if they are extended.

Anyway, been quite the move for Tesla over the past month.

Posted Using [LeoFinance Alpha](https://leofinance.io/@scaredycatguide/tesla-stock-has-ripped-the-past-month)
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