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

ACIA – ACIA has been sideways in the 60’s for a long long time, but it appears to be in a 5th wave so a big reversal in Jan could occur

BABA – BABA looks like a good buy here due to the 1-2-3-4-5 down impulse completing…best case scenario is the 5th wave is complete and a 618 reversal occurs back to 100+

TSLA – [ms-protect-content id=”61,117,1559″] If TSLA breaks the top of the B wave at 215, there’s a good chance a bottom is in place

NVDA – NVDA is in the middle of a W3 and has a good shot at the full 1.618 move to 115-120 [/ms-protect-content]