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With earnings scheduled for the 23rd, Viking's first-quarter investor call is expected to center around key pipeline updates.  

The spotlight will be on three clinical candidates: VK2735 (targeting obesity), VK2809 (for non-alcoholic steatohepatitis, or NASH), and VK0214 (for X-linked adrenoleukodystrophy, or X-ALD). 

Our primary interest lies in VK2735, given our broader thesis that obesity treatments — and the transformative effects of weight loss — represent a powerful and growing trend in the consumer health space. 

Founded in 2012, Viking is a U.S.-based biopharmaceutical company. One benchmark in this space is tirzepatide, a dual GLP-1/GIP receptor agonist approved by the FDA and marketed under the brand names Mounjaro® and Zepbound® in multiple dosages and formulations. 

While we wait for the earnings report to be posted along with the forward guidance predictions, the chart looks interesting. 

For starters, VKTX had a classic reversal bottom the week of April 7th. 

Secondly, it outperforms the benchmark on the Leadership indicator. 

Thirdly, the momentum, while not above its 50-DMA on real motion, is getting closer. 

The weekly chart is also interesting. 

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VKTX is in Distribution and not a Bear Phase. 

Most interesting is the 200-week moving average (green), which is a huge support area for price. 

The price is also trading where it was at the end of 2023, before it exploded up to $100 and peaked. 

While some patience is required, a weekly close above $24.50 is a good start.  

The risk is then nominal, and the reward can be more than 4-5 times the risk.

ETF Summary  

(Pivotal means short-term bullish above that level and bearish below)  

S&P 500 (SPY) 500 new support 520 resistance 

Russell 2000 (IWM) 180 pivotal-193 resistance   

Dow (DIA) 400 resistance 380 support 

Nasdaq (QQQ) 440 resistance  

Regional banks (KRE) 50 pivotal  

Semiconductors (SMH) 165 key support 

Transportation (IYT) 57 failed now pivotal  

Biotechnology (IBB) 115 support 120 resistance  

Retail (XRT) 64 key to hold. 69 resistance 

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