VKTX - Consolidating for a nice move up?

NASDAQ:VKTX   Viking Therapeutics, Inc
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)
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.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.