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Tickers VIDA (Canada) and PHVAF (USA) have been in trouble for a bit. Tons of failed descending wedge breakouts over this last year, which was an inherently bearish sign during a bull run. I think with global supply chain gluts and the corona-virus threats we will see this descending triangle break down to near few penny's, specifically $0.02 or less. On the rare chance it breaks up and out, I can see us going towards $0.18
This is a do or die situation in my opinion. I think this market might be ready for consolidation, but I honestly hope that I am wrong. Please give me a Like / Follow and check out my other charts. Comments are welcome if you agree or disagree, let debate it.
I have no skin in this game and this analysis is pure speculation, not financial advice.
This is a do or die situation in my opinion. I think this market might be ready for consolidation, but I honestly hope that I am wrong. Please give me a Like / Follow and check out my other charts. Comments are welcome if you agree or disagree, let debate it.
I have no skin in this game and this analysis is pure speculation, not financial advice.
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