The Long Investor
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$RLX - WATCHLIST -
🕑 Added 2025-05-16 15:30:12 +0000 UTC$RLX continues to move very well here.
Wave C has held on the yellow triangle support line and on the last fib support level on the 0.887 Fib art $1.64.
Price is already back above the 0.78 Fib, the 50 Day and the 200 Day MA too.
Continues to make higher highs and higher lows and there is very little in terms of resistance above between here and the wedge top line at $2.60.
A retest of the 50 and 200 Day MA at $1.91 and holding would be the ideal buy entry here.
Low risk +30% is on the table here.
Comments
P.L.C.
This looks good, what's the downside risk on this company? I don't know the vape market really well lol
Roxx
In at 1.99
Robert H
Anyone invested here?
