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Technical analysis of Tesla

Stocks
By Mostafa Mahmoud
Technical analysis ofTesla
0 8

Tesla

تسلا 16-12-2024

Tesla’s stock is moving in an upward trend in the medium term, paving the way for price increases and the formation of new highs.

BETA

 2.34

P/E

119.50
EPS

3.65

This positive performance is attributed to the company’s announcement of quarterly financial results that exceeded analysts’ expectations, bolstering investor confidence in Tesla’s ability to achieve sustainable growth. From a technical perspective, the stock has surpassed previous resistance levels, indicating the potential for continued bullish momentum in the near term.

However, investors should consider potential market volatility and future developments in the electric vehicle sector when making investment decisions.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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