Belgravia Capital International Inc. (CSE: BLGV)
Belgravia Capital International Inc. is an investment company that self describes as being “focused on three core business divisions: Incubator, Investments, and Royalty & Management services.” You should note that only some of their investments are cannabis-related while others are in different sectors altogether. Now, this could be viewed as a positive thing for those of you that prefer the additional diversification within your portfolio. Some of Belgravia’s cannabis related investments that you might have noticed are performing rather well this year include C21 Investment Inc.
Sometimes we as investors can overcomplicate things. Much like Belgravia, you may want to step back and take a look at the bigger picture unfolding in front of you. One way to do that is to use what is known as the zigzag overlay. Simply put, this will appear like a bunch of zig and zag lines on a chart. It is very good for looking at what has happened from a higher level perspective. For those of you that prefer to see the forest instead of each individual tree, that is to focus on the major movements instead of each little up and down.
Note that this overlay is not predictive in nature but rather represents what has happened. This can work as a great aid when working with the Elliott Wave pattern for example. What is nice about zigzag overlay is that it can help keep you in or out of a stock for an extended period of time and not get you hung up on the little movements that occur. Case in point with the huge peek that Belgravia had a little over a year ago; help simplify your charting observations and consider using the zigzag overlay to help see the bigger picture unfolding.
Note: this chart uses OTC: BLGVF - same company
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