Entry 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...
Raiz 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...
RZI has given an incredible run to the upside in 2021 so far, and now that its in the process of pulling back, we may have a good buying opportunity soon. Its recent pull back seems incomplete, and I am anticipating it to reach my Buy Zone and the trendline Support where I would be waiting to buy once bullish price action confirms. The zone where I expect the...
I 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...
After the strong move to the upside, RZI seems to be pulling back, and my Buy Zone is between $1.470 - $1.62 region, where the trendline Support also lies. If it retraces lower to my Buy Zone, I would be taking a Buy Position after Bullish Price Action, to join the upcoming move to the upside. Lets see how it develops in the next few days. Please note these are...
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RZI has moved higher very nicely but I think it is time for it to pull back. The RSI has been coming down from the Overbought Zone with some Bearish Price Action. It seems RZI is being rejected now and may be ready to retrace to provide a good Buying Opportunity. There is Trendline Support and High Profile Volume Zone within the same Zone of $0.950 - $1.00 which...
RZI has been strong lately and is now facing resistance at $1.130 zone. It has formed consecutive Higher Highs and any pull back towards Support at $0.890 - $0.900 range should be a good Buying Opportunity in my opinion. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
1. RZI looks good with good volume. 2. Has been consolidating for a while between 0.70 and 0.73 zone. which is very healthy sign. 3. Bulls are trying to take over, pushing the price up with force to high volume trade zone at $0.865 range. 4. Over all trend is up with confirmation. 5. Good buying position is 0.800 6. I think the first take profit should be as...
I think next target is is going to be $0.97 and then $1.150. P.S: Please note these are my own notes for future reference and by no means trading advise to anyone. Please do your own research before entering into any trade.