Double your money?This is nicely shaping up to go parabolic soon. It could double from here. If it goes below 51 then its more bearish than bullish. It may stay above 52. Happy trading !!
Energydrink
Carabao Group PCLResistance at 123.50
Support at 109.50
Big momentum today after earnings report, I expect a small pullback in the days to come, which could serve as an entry point, before moving on up.
Gross margins sitting at 20% which is quite attractive.
PHIVIDA CBD Energy Drink. Made in Canada with Organic Debt. 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.
