Carter Worth breaks down the charts on Viking Therapeutics.
Viking Therapeutics ... the eight-month standoff is at an end. After surging to $100 in mid February, Viking Therapeutics, has slumped some 40% in the ensuing eight months, and just now is coming to life. Two identical charts below: Converging trendlines... otherwise known as a symmetrical triangle chart pattern, depict the standoff of the past 8 months. A well-defined series of lower highs and lower lows, as the stock works into the apex of the formation.
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