$RLX - EARNINGS JUST RELEASED -
Added 2024-11-15 12:13:00 +0000 UTC$RLX had a double miss on earnings but price is up +5.5% in the PM now
We can see on the chart that the price is reaching the apex of this triangle so a direction must be taken shortly.
A break down from the triangle at $1.55 and it is not looking good and a trend down to the blue line at $0.90c is possible
A break to the upside at $1.82, which would mean a break above the 200 Day MA and the upside targets are enormous at $2.80 and $4.
Comments
It's a bearish triangle pattern so might be a fakeout before a real move to a downside
Savage Capital
2024-11-15 12:20:38 +0000 UTC
