RLX Technology - Break Out !!!RLX Technology, Inc. Sponsored ADR Class ABATS:RLXstreak35Hello Everyone, Followers, This one i found in my scans and I would like to share quick analysis. RLX Technology – Quick Company Info What they do? RLX Technology is a branded e-vapor company. They design, manufacture, and sell vaping products, primarily in China, and increasingly internationally Key Strategic / Commercial Highlights - International expansion: RLX has been growing its global footprint. - Cash returns: They run a share buyback program and pay a small cash dividend. - Regulatory positioning: Focus on “harm-reduction” products and regulated markets as regulatory pressure intensifies. Financial Snapshot & Key Metrics Market Cap ~ US$ 2.9–3.0 B Revenue (FY 2024) RMB 2,748.6 M (~US$ 376.6 M) EPS (TTM) ~ US$ 0.08 per share P/E Ratio (Trailing) ~ 31× Cash Position Very strong — in Q4 2024, cash + equivalents were RMB 5,593 M (~US$ 766 M) Which i like most :) Tecnical Part: 🔹 Key Support Zones First support: 2.45 Deeper support: 2.35 🔹 Resistance Levels Main resistance: 2.68 Breakout target: 2.78 🔹 Outlook If i can achive to stay above 2.54 and closes over this level then I am considering bullish scenarios and possible to hit 2.78 - 2.80 There is a possibility to pull-back for re-testing the break which is 2.45 . If it decide to come back this level then we can try to buy with stop loss 2.30. 🔹 My Plan I will watch it on Monday and maybe before the close , if it prices over 2.54 then i could try to get. Second option is , if closes the day below this level then i will wait for Pull-back (2.44) then i could try to get , depends on pricing . My main expectation is looks like Yellow pattern and final target is 2.78 - 2.80 area. If you enjoy and like clean, simple analysis — follow me for more.