Phivida 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.
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.
Phivida 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 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.