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).
RZI trade ideas
$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.
RZI - Road MapRZI 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 upward swing to start is between $1.080 - $1.140, and I will see how it reacts in the specified Zone and if the Bulls succeed in taking control. I will be targeting the previous highs or atleast previous resistance (potential 50% gain).
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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 :)
RZI - This pull back may provide a good Buying OpportunityAfter 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 my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX: RZI - Ready to jump on SMSF Growth engine ? The Raiz app and financial engine is built to facilitate commission-free micro investing in a diversified portfolio of exchange traded funds (ETFs) offered by some of the world’s largest asset managers. This allows customers to purchase fractional ETFs and automatically save and invest small amounts of money frequently.
Raiz constructs and optimises 7 diversified portfolios with help from the Nobel Prize winning economist and father of Modern Portfolio Theory, Dr. Harry Markowitz.
Raiz has made micro investing possible through its proprietary investment platform. The asset allocation operates algorithmically while the proprietary back-end technologies aggregate order-processing and clearing functions, repopulating data via the cloud. Raiz has pioneered micro investing, enabling a new class of investors.
RZI - Will it pull BackRZI 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 may provide an excellent buying opportunity. At this time it is at very elevated levels so buying at the current levels is very risky and we should be patient in our strategy.
Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
RZI - A Pull Back may provide a Buying OpprtunityRZI 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.
stronger with high volume after consolidation
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 below:
a. Fib level 0.786 at $0.845
b. Fib level 1 at $0.990
Note: Please note these are my notes for my own future reference. By no means trading advise to anyone. Please do your own research before entering into any trade.
$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.
$RZI:ASX - RAIZ INVEST - Breakout with volumeI like the business premise of this fintech of seamlessly investing spare change into stocks to help build a position you would barely notice over time. The whole passive investing approach is quite clever. The stock has broken above a resistance area, broke above its upper bolly band, strong volume, RSI showing there is still value, and OBV pulling away from its MA. I also like that it has broken above that $1 psychological ceiling. All good signs that this could be well worth a watch.
Note however it is a pretty niche type solution so not sure how much upside, but it is up almost 140% or so this financial year and the chart looks like there is still some strength there. Again, I like the business concept.
Raiz Invest Limited (RZI) provides financial services through its mobile first microinvesting platform which offers its customers an easy way to regularly invest either small or large amounts of money using the Raiz application or through the Raiz website. Raiz operates in the Australian retail financial services industry which provides investing and financial services and wealth products to Australian retail customers.
Demand: 51 buyers for 287,924 units 16 sellers for 216,812 units
