$RZI:ASX - RAIZ INVEST - Breakout with volume

I 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