[11:05AM] Oct 19 Elliott Wave Update For Momentum Names: $ACIA $TWLO $BABA $TSLA

TSLA – Worst case scenario is a full A = C move on the 6 month chart back to 160…if it can hold 190 A wave support and break above 210 this scenario could be prevented.

BABA – BABA just completed a zigzag in the past month and reversed..a simple break of 107 could setup a 618 X W1 + W3 move to 122-125.

ACIA – [ms-protect-content id=”61,117,1559″] ACIA for the past 2 months has been correcting in a deep W2..A = C would target 85-87 and if it can hold that level and break above 105 it would setup a large W3…but it needs to hold that 85-87 level..badly..

TWLO – 618 support of TWLO after a huge W2 slide would be 42-45 and it needs to hold that level to prevent further damage here..it did get a 382 w4 up so I expect downside to be 42-45 max. [/ms-protect-content]