VKTX - Consolidating for a nice move up?
Note: This is not an investment advice but my opinion alone. Please feel free to comment.
The Viking ship has been sinking since it released it recent data and reached a 52 week high. However, I think we are in wave 4 of a 5 wave up and we could get as low as $8.06 when looking at FIB ration from wave 2 to 3. I am long this stock and will be adding if we get close to that price.
I do agree with Raymond James analyst who gave price target of $45 (but only if the stock gets bought out in the short term)
The Viking ship has been sinking since it released it recent data and reached a 52 week high. However, I think we are in wave 4 of a 5 wave up and we could get as low as $8.06 when looking at FIB ration from wave 2 to 3. I am long this stock and will be adding if we get close to that price.
I do agree with Raymond James analyst who gave price target of $45 (but only if the stock gets bought out in the short term)
Trade closed manually:
Now we are headed to 5.80 to close the gap.. That is when I will look to add more to my holdings.