🇰🇷 SK Hynix bounced 3.26% — but is it a genuine recovery or just a dead cat in Seoul?
000660.KS is at ₩1,645,000, up from ₩1,593,000 yesterday. The stock has been crushed from its ₩2,919,000 high (-43.6%), and today's bounce comes after weeks of selling pressure.
📊 Technical Snapshot:
- Price: ₩1,645,000 (+3.26%)
- RSI: 47.2 — neutral, just below the 50 line
- Trend: Uptrend (short-term only)
- SMA5: ₩1,517,400 | SMA20: ₩1,611,550 | SMA50: ₩2,043,380
- Price is still BELOW SMA50 — the intermediate trend is still bearish
- Volume: 4.52M shares (0.71x average — declining)
🧠 The HBM Story:
SK Hynix is the undisputed leader in HBM3E chips — the memory that powers NVIDIA's H100 and Blackwell GPUs. The fundamental thesis hasn't changed: AI needs memory, and Hynix makes the best memory.
But the stock is telling a different story. Despite strong earnings, it's down 43.6% from highs. The market is pricing in a potential memory cycle downturn, even as AI demand remains robust. This creates a classic "fundamental vs. technical" conflict.
📋 Key Levels:
• Support: ₩1,504,000 (recent structural low)
• Resistance: ₩2,043,380 (SMA50 — massive overhead)
• Extended resistance: ₩2,628,000
• Today's bounce needs follow-through above ₩1,650,000 to be meaningful
⚡ The declining volume is concerning. A real reversal needs conviction buying, not just a one-day pop.
🤔 Are you buying the Hynix dip or waiting for the memory cycle to bottom first? 👇
#SKHynix #HBM #Semiconductors
⚠️ Disclaimer: Personal analysis, not investment advice. International stocks carry currency and geopolitical risk. Always DYOR.
000660.KS is at ₩1,645,000, up from ₩1,593,000 yesterday. The stock has been crushed from its ₩2,919,000 high (-43.6%), and today's bounce comes after weeks of selling pressure.
📊 Technical Snapshot:
- Price: ₩1,645,000 (+3.26%)
- RSI: 47.2 — neutral, just below the 50 line
- Trend: Uptrend (short-term only)
- SMA5: ₩1,517,400 | SMA20: ₩1,611,550 | SMA50: ₩2,043,380
- Price is still BELOW SMA50 — the intermediate trend is still bearish
- Volume: 4.52M shares (0.71x average — declining)
🧠 The HBM Story:
SK Hynix is the undisputed leader in HBM3E chips — the memory that powers NVIDIA's H100 and Blackwell GPUs. The fundamental thesis hasn't changed: AI needs memory, and Hynix makes the best memory.
But the stock is telling a different story. Despite strong earnings, it's down 43.6% from highs. The market is pricing in a potential memory cycle downturn, even as AI demand remains robust. This creates a classic "fundamental vs. technical" conflict.
📋 Key Levels:
• Support: ₩1,504,000 (recent structural low)
• Resistance: ₩2,043,380 (SMA50 — massive overhead)
• Extended resistance: ₩2,628,000
• Today's bounce needs follow-through above ₩1,650,000 to be meaningful
⚡ The declining volume is concerning. A real reversal needs conviction buying, not just a one-day pop.
🤔 Are you buying the Hynix dip or waiting for the memory cycle to bottom first? 👇
#SKHynix #HBM #Semiconductors
⚠️ Disclaimer: Personal analysis, not investment advice. International stocks carry currency and geopolitical risk. Always DYOR.