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AsimMirzaTrader

RZI - A Pull Back may provide a Buying Opprtunity

Short
RAIZ INVEST LIMITED (ASX:RZI)  
AsimMirzaTrader Updated   
ASX:RZI   RAIZ INVEST LIMITED
Trend Analysis Chart Patterns Wave Analysis ASX asxshort asx200 asx200short RZI
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trendanalysis chartpattern waveanalysis asx asxshort asx200 asx200short rzi
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.
Comment:
Comment:
RZI looks good but now it has reached Resistance. I will be a buyer of RZI when it retraces lower to the green Support Circled Zone of $0.90 - $1.00 range.
Comment:
Comment:
RZI seems extremely Overbought as we can see the RSI indicating it. Will have to be patient for it to retrace towards Trendline Support before considering to buy.
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