In this video we discuss REGN and ACRS, our two most recent wave setups in Stock Waves, as well as earnings plays GM and YUMC, crypto mining stock BTBT, and additional charts to watch HPE, ITW and GRPO.
REGN, posted by Zac, pulled back off the high made last month, and is setting up for further upside whether it's the start to wave 3 or filling out wave v of the larger wave 1. We're also continuing to like the longer-degree potential as the primary 5th wave filling out off the low made in 2019.
ACRS, which I posted today, has good risk versus reward for attempting a long entry here, setting a stop underneath the August low and looking for price to head up to 46.50 as the ideal target for that wave v of 5.
GRPO is just about to reach the confluence of Fibonacci support between the .382 retrace of wave 3 and the measured move for wave c as compared to the size of wave a, getting to a point where probabilities starting to favor a bottom being attempted.
View the video below for detail.