10/20/16 Elliott Wave Updates For Momentum Names: $BABA $TWLO $ACIA $TSLA

TWLO – On the 10 day chart TWLO got the W4 up and W4 down, but must hold 42 to prevent further damage..looks like a long term W2 correction.

ACIA – ACIA appears to be in the W5 down, but must hold 85 to prevent a 618 breakdown…a break of 85 would not be good long term.

TSLA [ms-protect-content id=”61,117,1559″] TSLA needs to break 210 or the top of the W4 to prevent further damage to the downside..it held 190 and needs to continue to hold that level.

BABA – BABA needs to take out 107 after an ABC zigzag to setup a continuation of a W3..a break of 107 at 786 would setup 115-120 short term [/ms-protect-content]