Did Cathie Wood predict the bottom for Tesla stock? Here's what the chart says
Did Cathie Wood predict the bottom for Tesla stock? Here's what the chart says
On Tuesday, Cathie Wood-led Ark Invest Investment Management accumulated an additional 3,000 shares of Tesla. On May 23, the fund made its first purchase of Tesla shares since February, buying 15,858 shares of the EV giant.$Tesla(TSLA.US)$ was trading flat in the premarket on Wednesday after gapping down to start the trading day on Tuesday, but rising up to close that session flat.
$特斯拉(TSLA.US)$周三盘前交易持平，周二开盘时大幅下跌，但随后上涨，收盘持平。
BYD Co, a Warren Buffett-backed Chinese EV and battery maker, confirmed Wednesday that it will soon begin delivering batteries to Tesla. The LFP battery cells are expected to be used in Model 3 and Model Y vehicles produced at Tesla's Shanghai facility.
比亚迪公司周三，沃伦·巴菲特支持的中国电动汽车和电池制造商比亚迪证实，将很快开始向特斯拉交付电池。LFP电池预计将用于特斯拉上海工厂生产的Model 3和Model Y汽车。
Previously, China's CATL held the title as the only battery supplier of the two EV models.
此前，中国的CATL作为这两款电动汽车的唯一电池供应商。
On Tuesday, Cathie Wood-led Ark Invest Investment Management accumulated an additional 3,000 shares of Tesla. On May 23, the fund made its first purchase of Tesla shares since February, buying 15,858 shares of the EV giant.
周二，凯西·伍德-主导方舟投资投资管理公司积累了额外的3000股特斯拉股票。5月23日，该基金自2月份以来首次购买特斯拉股票，购买了这家电动汽车巨头的15,858股票。
Between February and May 23, ARK Investment Management was reducing its exposure, which included dumping a massive $66 million worth of the stock on the day of Tesla's first-quarter earnings print.
在2月至5月23日期间，方舟投资管理公司减少了风险敞口，包括在特斯拉公布第一季度财报的当天抛售了价值6600万美元的股票。
Cathie Wood did a good job of grabbing shares near the temporary bottom on May 23, and the fund's purchase on Tuesday means Wood believes averaging up slightly is the best play. Tesla is in a tricky spot, however, signaling both bullish and bearish indicators on its chart.
凯西·伍德在5月23日的临时底部附近抢购股票做得很好，该基金周二的买入意味着伍德认为，平均略有上涨是最好的选择。然而，特斯拉正处于一个棘手的境地，图表上既有看涨指标，也有看跌指标。
The Tesla Chart: Tesla may have formed a bull flag on the daily chart, although its loss of the eight-day exponential moving average (EMA) on Monday could make the pattern less likely to play out. If the pattern is recognized, the pole was formed between May 25 and May 31 and the flag over the trading days that have followed and the measured move is 25%, which suggests Tesla could soar up toward $863.
特斯拉排行榜：特斯拉可能已经在日线图上形成了一面牛旗，尽管其周一失去的八天指数移动均线(EMA)可能会使这种模式不太可能出现。如果这种模式被识别出来，这根柱子是在5月25日至5月31日之间形成的，在随后的几个交易日里形成了这面旗帜，测量到的波动幅度为25%，这表明特斯拉可能会飙升至863美元。
Bearish traders will be watching the flag portion of the pattern closely because within it, Tesla is trading in a confirmed downtrend, with the most recent lower high printed at $733.06 on Tuesday and the most recent lower low formed at t the $690.28 mark the day prior. If Tesla is unable to prove the bull flag is the dominant pattern and negate the downtrend with a higher high, any rise higher may just be to print another consecutive lower high.
The eight-day EMA has reacted as heavy resistance over the past three trading days, and bullish traders will want to see Tesla regain the level quickly for more confidence going forward. If the stock can regain the level, the 21-day EMA will be the next big area that bulls will want to see secured as support.
Tesla has resistance above at $720.95 and $745.63 and support below at $700 and $671.64.
看跌的交易员将密切关注该模式的旗帜部分，因为在其中，特斯拉的交易处于确认的下跌趋势中，最近的较低高点周二打印在733.06美元，最近的较低低点形成于前一天的690.28美元关口。如果特斯拉无法证明牛市旗帜是主导模式，并以更高的高点抵消下跌趋势，那么任何更高的涨幅可能只是打印出另一个连续更低的高点。
在过去三个交易日，为期8天的均线一直是巨大的阻力，看涨的交易员将希望看到特斯拉迅速恢复该水平，以增强未来的信心。如果该股能够重新回到该水平，21日均线将是多头希望看到的下一个确保支撑的大区域。
特斯拉在720.95美元和745.63美元上方有阻力，下方在700美元和671.64美元有支撑。
