1.09.17 Elliott Wave Updates For Momentum Stocks: $BABA $TSLA $ACIA $NVDA

NVDA – After a huge zigzag, NVDA is reversing off the C wave low..if it can close above 111 there’s a good shot at a move back over 120 or the all time high

ACIA – ACIA reached my accumulation level of 58-60 and bounced hard today…any move to those levels would be 5th wave of C wave target, which is why it’s a good buy area

TSLA – [ms-protect-content id=”61,117,1559″] One break of 235 in TSLA would setup a move back to the all time highs in the 270 range…that’s B wave resistance.

BABA – BABA formed a rounded bottom after a big zigzag but needs to clear at least 104-105 to get the momentum to the upside going again [/ms-protect-content]