12.23.16 Elliott Wave Updates For Momentum Names: $TSLA $BABA $NVDA $ACIA

TSLA – TSLA held 5th wave support and has reversed in a big way…major breakout would occur at 212.50..one break of that level would setup a test of B wave resistance at 240+

BABA – BABA full 5th wave at 618 X w1 + W2 would target 82-84, and that would be a good buy in that range..that would 1-2-3-4-5 down if this occurs

NVDA – [ms-protect-content id=”61,117,1559″] NVDA broke out into a Wave 3 and a full W3 target would be 115-120..it’s been moving up in a grinding W3 in increments and looks well on it’s way to those targets

ACIA – ACIA may have to test the 60-62 range first before a 618 reversal..but it looks like 5 waves down near completion [/ms-protect-content]