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
$Tesla(TSLA.US)$ 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.
$特斯拉(TSLA.US)$週三盤前交易持平，週二開盤時大幅下跌，但隨後上漲，收盤持平。
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.
比亞迪公司週三，沃倫·巴菲特支持的中國電動汽車和電池製造商比亞迪證實，將很快開始向特斯拉交付電池。LFP電池預計將用於特斯拉上海工廠生產的Model 3和Model Y汽車。
Previously, China's CATL held the title as the only battery supplier of the two EV models.
此前，中國的CATL作為這兩款電動汽車的唯一電池供應商。
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.
週二，凱西·伍德-主導方舟投資投資管理公司積累了額外的3000股特斯拉股票。5月23日，該基金自2月份以來首次購買特斯拉股票，購買了這家電動汽車巨頭的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日期間，方舟投資管理公司減少了風險敞口，包括在特斯拉公佈第一季度財報的當天拋售了價值6600萬美元的股票。
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.
凱西·伍德在5月23日的臨時底部附近搶購股票做得很好，該基金週二的買入意味着伍德認為，平均略有上漲是最好的選擇。然而，特斯拉正處於一個棘手的境地，圖表上既有看漲指標，也有看跌指標。
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：特斯拉可能已經在日線圖上形成了一面牛旗，儘管其週一失去的八天指數移動均線(EMA)可能會使這種模式不太可能出現。如果這種模式被識別出來，這根柱子是在5月25日至5月31日之間形成的，在隨後的幾個交易日裏形成了這面旗幟，測量到的波動幅度為25%，這表明特斯拉可能會飆升至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.
看跌的交易員將密切關注該模式的旗幟部分，因為在其中，特斯拉的交易處於確認的下跌趨勢中，最近的較低高點週二打印在733.06美元，最近的較低低點形成於前一天的690.28美元關口。如果特斯拉無法證明牛市旗幟是主導模式，並以更高的高點抵消下跌趨勢，那麼任何更高的漲幅可能只是打印出另一個連續更低的高點。
在過去三個交易日，為期8天的均線一直是巨大的阻力，看漲的交易員將希望看到特斯拉迅速恢復該水平，以增強未來的信心。如果該股能夠重新回到該水平，21日均線將是多頭希望看到的下一個確保支撐的大區域。
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美元有支撐。