VKTX: Bullish Divergence Leading to a Reversal?Viking Therapeutics has been in a downtrend since late 2024, with price consistently making lower lows. However, since mid January, 2025, both the Relative Strength Index (RSI) and Stochastic Momentum Index (SMI) have been sloping upward, diverging from the price action, which continued to trend lower.
IMO, this bullish divergence signals that selling momentum has been weakening despite the stock's decline, and today’s 11.5% spike reinforces the idea that this setup was in play. While a single strong move doesn’t confirm a full trend reversal, the divergence leading up to it suggests that downside pressure has been fading.
The key now is whether VKTX can sustain this momentum in the coming sessions. Stay tuned!