MikeOfHeights

Clean Channel Upward with Excellent Visual Consolidation

Long
CSE:CXXI   C21 INVESTMENTS INC.
Since March lows this stock has been making clear moves up in both ascending and descending wedges with meaningful periods of consolidation after the move up as it makes it way through the Fib Extensions while consolidating along them. Keeping a solid uptrend along the 8EMA its periodically dipped into the 15 EMA for a recharge and seldom needed to bounce off the 50MA. Its most meaningful move up was off the golden cross mid August and is holding the uptrend within a clear channel. I expect this to continue upwards with consolidation along the Fib Extensions. The dichotomy between the sizes of the TTM mountains (positive vs negative) is a major indicator that there's not much selling pressure during consolidation.
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