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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by PuruPurfler > 2017-02-13 23:58 | Report Abuse
After closing higher in nine out of the past 10 weeks, shares of Tesla Inc (NASDAQ:TSLA) are fast approaching the all-time highs at the $290 level. Most of the recent near-parabolic move has been predicated on hopes for the ramp-up in production for the Model 3. Trade of the Day: Play a Torrid Tesla Inc (TSLA) Stock Rally Source: Windell Oskay via Flickr (Modified) TSLA, however, has a history of over-promising and under-delivering. I think the stock has come too far, too fast and is ripe for a pullback. Certainly the stock has been huge performer since early December, tacking on a very impressive 50% gain in that time frame. Shares are reaching extremely overbought levels on a technical basis, with nine-day RSI readings over 85. Previous instances when Tesla stock reached such levels of euphoria proved to be short-term tops in the stock. Original source:https://investorplace.com/2017/02/tesla-inc-tsla-stock-torrid-rally/#.WKHXZHV97J8