1.04.17 Elliott Wave Updates For Momentum Names: $TSLA $BABA $ACIA $NVDA

NVDA – NVDA may have completed a quick but deep zigzag and the .618 reversal is forming now..highest target on the reversal could be 112-114 on this move

BABA – BABA has a long way to go, but the huge zigzag appears to have bottomed..a confirmation would occur on a break of resistance at 94

ACIA – [ms-protect-content id=”61,117,1559″] The low today at 60 was a good place to buy ACIA on 5 waves down..if it happens to drop there again that would be a place to accumulate..58-60

TSLA – TSLA broke .786 of the drop from 235 going back 6 months and could see that 235 area shortly [/ms-protect-content]