Welcome to the Extreme Investor Network, where we provide unique insights and expert analysis on investing strategies. Today, we are excited to discuss Viking Therapeutics (VKTX) and its recent market movements.
After a rollercoaster ride that saw Viking Therapeutics surge to $100 in mid-February only to slump 40% in the following months, the stock is finally showing signs of life. As we examine the symmetrical triangle chart pattern, we see a clear convergence of trendlines that indicate a period of equilibrium where bulls and bears have been evenly matched.
Now, as VKTX breaks out of this pattern to the upside, analyst Carter Braxton Worth believes the stock is poised to retest its former high at the $100 level. This bullish resolution of the chart pattern signifies a potential upward trend for VKTX.
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