$RZI Approaching potential break out

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 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.