🇰🇷 SK Hynix just dropped -4.88% and is now 51.3% below its 3-month high. The world's #2 memory maker is on sale — but is it a bargain or a trap?
₩1,422,000 with RSI at 39 — leaning bearish. Price is below ALL major moving averages: SMA5, SMA10, SMA20, SMA50. MACD histogram is deeply negative. This is a full-blown downtrend.
📊 Key Logic:
SK Hynix dominates HBM3E supply for NVIDIA's AI chips. The fundamental story is intact, but the technical picture is ugly. The stock is down from ₩2.9M to ₩1.4M — a correction that feels more like a capitulation. Volume is normal (0.83x), not panic-level.
📍 Key Levels:
• Support: ₩1,322,000 (3-month low — critical)
• Resistance: ₩1,577,000 (SMA5) / ₩2,628,000 (SMA50)
• Watch: If ₩1.32M breaks, next support could be ₩1.2M
Don't catch the falling knife. Wait for a base to form.
💬 Is SK Hynix the best HBM play or is Micron safer? Your take 👇
#SKHynix #AI #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research (DYOR) before making any investment decisions. Past performance does not guarantee future results. Trade responsibly.
₩1,422,000 with RSI at 39 — leaning bearish. Price is below ALL major moving averages: SMA5, SMA10, SMA20, SMA50. MACD histogram is deeply negative. This is a full-blown downtrend.
📊 Key Logic:
SK Hynix dominates HBM3E supply for NVIDIA's AI chips. The fundamental story is intact, but the technical picture is ugly. The stock is down from ₩2.9M to ₩1.4M — a correction that feels more like a capitulation. Volume is normal (0.83x), not panic-level.
📍 Key Levels:
• Support: ₩1,322,000 (3-month low — critical)
• Resistance: ₩1,577,000 (SMA5) / ₩2,628,000 (SMA50)
• Watch: If ₩1.32M breaks, next support could be ₩1.2M
Don't catch the falling knife. Wait for a base to form.
💬 Is SK Hynix the best HBM play or is Micron safer? Your take 👇
#SKHynix #AI #DYOR
⚠️ Disclaimer: This is not financial advice. Always do your own research (DYOR) before making any investment decisions. Past performance does not guarantee future results. Trade responsibly.