The Long Investor
patreon
$RLX
🕑 Added 2025-03-10 10:57:35 +0000 UTCReports its earnings on Friday before the US market opens.
The Wave 5 target at $2.77 at the 2.618 Fib and the First Target is still a possibility here with a positive earnings and if the price action can continue to hold above the 1.618 Fib at $2.32 which has been a solid support line since the start of Feb.
A miss on earnings and I have added in the white fib levels for the possible ABC correction next at its current top at $2.70
We can see that the 0.618 Fib in white aligns nicely with the 200 Day MA at $1.96, which is where I would expect the ABC correction to complete.
