Viking Therapeutics (VKTX) Impending Breakout!Viking Therapeutics, Inc.BATS:VKTXVTrade52VKTX recently bounced hard on the 200-day SMA two days ago. Yesterday, VKTX surged 12% on news that the company could be a takeover target of a larger pharma company. The chart shows a longer-term downtrend line (dotted blue line) that touches some of the high points, going back to early 2024. Many more contact points occurred over the recent few months, which shows that VKTX is "fervently determined" to break above this downtrend line. Combine this observation with the recent hard bounce off the 200-day SMA and the Nov'25 Golden Cross event (50-day SMA cross over 200-day SMA), it becomes apparent that VKTX is on the verge of a massive breakout higher. I am preparing for this big move to the upside by loading up on ITM call options with expirations up to a year out. I chose ITM calls because they are lower risk. Even though I trade off a higher leverage factor for a lower one, I will still make bank if VKTX moves anywhere that Analysts are predicting ($92 per share average price target). Good luck all!