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Is RLX likely to continue lower? Fell Below 50 Day Moving Average shows up after dropping 1.51%
On Tuesday, August 4th, RLX moved down 1.51% while volume shrunk to 0.4× the usual levels. Multiple bearish signals emerged — Fell Below 50 DMA and Directional Movement Crossover Bearish — suggesting potential weakness ahead. Key support levels exist at 1.93, 1.9 & 1.87, with resistance at 1.99, 2.02 & 2.05.
Current SwingTradeBot Technical Rating of RLX: D
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