Bullish potential detected for RZIEntry conditions:
(i) breach of the upper confines of the Darvas box formation for ASX:RZI - i.e.: above high of $0.45 of 11th September (most conservative entry), or
(ii) swing up of indicators such as DMI/RSI along with a test of prior level of $0.425 from 9th September.
Stop loss for the trade (based upon the Darvas box formation) would be:
(i) below the support level from the low of 24th September (i.e.: below $0.405).
Raiz
RZI Analysis + Possible Entry PointI believe that now would be a good time to buy into RZI because it is reaching a critical support level. Raiz is a great company with a growing customer base and is on track to having $1 Billion FUM by the end of 2021.
Raiz has bounced back to support at around $1.42 and may bounce back up to around $1.75 for a 20% upside. Personally, my SL will be at $1.27 which would net a 12% loss. Furthermore, the RSI suggests that RZI is extremely underbought which may make it a great time to buy-in.
However, this is not financial advice do your own research :)
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$0.60 - $0.63 is good entry pointI think, I will wait for good entry position between $0.60 - $0.63.
I think, It would be good to have in long term portfolio.
p.s: please note these are my personal notes, by no means trading advise to anyone. please do your own research before entering into any trade.
