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

BABA – BABA needs to break the top of the W2 at 94.20 to setup a full zigzag reversal..a bottom and zigzag reversal over that level would setup a retest of 100 short term

TSLA – If TSLA closes above 195, there’s a shot at a 618 reversal back to the 205-210 range after a big zigzag

ACIA – [ms-protect-content id=”61,117,1559″] ACIA appears to be ready to retest 60-62 in a 5th wave…that appears to be 1-2-3-4-5 down in a full impulse and a good buy area if it hits that again..

NVDA – NVDA hit a new all time high yesterday but is correcting in a W2..if it reverses over 95 again a full W3 would target 115+ [/ms-protect-content]