VKTX trade ideas
Viking Therapeutics set to soar today. Entry level $8.66 above daily resistance and 1.414 Fib expansion level.
Target price $9.38.
Stop loss $8.42.
Short interest 29.85%
Company profile
Viking Therapeutics, Inc. is a clinical-stage biopharmaceutical company, which engages in the development of novel therapies for patients suffering from metabolic and endocrine disorders. The company's clinical program VK5211, treats patients recovering from non-elective hip fracture surgery. It also specializes in development of VK2809 and VK0214. The company was founded by Brian Lian and Michael A. Dinerman on September 24, 2012 and is headquartered in San Diego, CA.
Beautiful EntryA nice casual entry point; not overbought, not oversold, and appears to be just crossing all centerlines. All Indicators are ready for countdown, 10...9...8...7..........
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)
Closing long position on VKTXThe equity trading algorithm closed its long position on VKTX at a loss.
Date of opening long: Oct 29
Date of closing long: Oct 31
Trading system: bit.ly
VKTX Worth a lookIf we see a bounce in the indexes this one could have a good push up off gap support. It had a strong day Friday when much of the market sold off again.
VKTX nice triangle potential for great RR $$$VIKING Therapeutics..... like the formation, risk reward profile, and direction of the trend.
Targets are the bolded lines and boxes based off fib zones/ extensions.
Green is trigger red is stop or place stop below large white candle. 13, 16, 20 targets. Maybe higher
VKTXlate publish -my tracking
second leg up tp come- flags fly at half mast
cup and handle or bull flag with breakout and retest- either way looks long
VKTXbreakout to Bull flag
flags fly at half mast
price action needed to catch its breath- look north
VKTXPENNY STOCK- LONG
My Tracking
Momentum Play
- nice pattern setup
- indicators support northbound movement
- if breaks pattern- good R:R
Falling wedge bouncing off support levelViking therapeutics has been another big performer which i have been keeping an eye on. I'm not sure about the trend continuing on from here but this does represent a nice swing trade falling wedge back in to support with some nice wicks on those hammers showing us some strong buying pressure at that level. If this moves i will look to play it back around the highs for a possible 20%.
Falling wedge bouncing off support Viking therapeutics has been another big performer which i have been keeping an eye on. I'm not sure about the trend continuing on from here but this does represent a nice swing trade falling wedge back in to support with some nice wicks on those hammers showing us some strong buying pressure at that level. If this moves i will look to play it back around the highs for a possible 20%.
Break in the resistance lineLooks like a possible break in the downwards trend, and a possibility for a rise; judging by the MACD and the moving averages. However, not sure; keep you updated.
VKT Is Showing Bull Signs 300% + ROIHello, Trading View,
This is one of those stocks that have cought the attention of investors.com and so you will usually see a rise in the value of these stocks if it is on the front page of there web site.
It usually just continues up the trend line until you reach that upper resistance line. That is where I will be selling it to practice risk management.
IMO you are going to want to wait until it leaves the lower support line a little more before buying in. So IMO you can set your buy-ins, targets, and stop-losses like so:
Buy-in: 6.50
Target 1: $7.34
Stop-loss: 3% Below the trend line.
Thanks,
StopLoss123
Looking like a possibility for a Pick-upResistance indicators showing the possibilities for a recovery following the short fall...
