$RZI Approaching potential break outRaiz is heading towards a break out from the current downtrend with potential for a golden cross scenario if consistent buy pressure continues.
The SP is currently at support level of 0.39c and has been trading sideways within the range of 0.375 - 0.39c since February this year.
200 EMA is sitting right on the key resistance level of 0.415c, breaking this will signal a potential run back to around the ~0.50c level in line with fib extension levels.
Finally, RSI showing higher lows also indicating a bullish sentiment going forward.
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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.
