Vida Downward For Now, But watch outPhivida is definitely experiencing downward pressure but watch out for a big upward move after the consolidation of this triangle. VIDA is a play that you want to have your buy and sell orders preset because when it moves it goes fast! This is not trading advice.
VIDA
CBD won't cure coronavirus, short it. This debt heavy company will feel the effects of covid19/ corona just like the general market will. Gaps will bring it to the down side, imo. This is not trading advice.
Is Phivida Bullish Yet? Has it bottomed? US Ticker VS CanPhivida is a major CBD Canadian energy drink manufacture, who is clearly high in debt but has a great product, sales and decent market share. Fundamentally I have no idea if they can survive long term, but it does seem that they have come off all time lows and are now rising.
Interesting, is the fact that the US ticker PHVAF does tend to be more volatile than VIDA , its Canadian ticker, however its almost like you can watch VIDA to predict PHVAF.
Also, there is a GAP on PHVAF on the Daily! So can we see 8.8 cents again before lift off. This could be a complicated setup but if you watch VIDA and try to trade PHVAF perhaps this could be a good setup. I wouldn't expect the same pullback on VIDA as it doesn't show a daily gap.
Please remember that this is not trading advice!
VIDA lining up a Golden CrossVIDA have major deals with distributors and Red Bull management. They are ideally suited to top the CBD beverage industry in the US. It's travelling in a channel upwards. Golden cross expected April 24th.
