🇰🇷 SK Hynix at ₩1,534,000 — down 47.4% from its 3-month high. The world second-largest memory chip maker is getting crushed while AI capex keeps climbing.
📊 Technical Snapshot:
• Price: ₩1,534,000 (-2.11% today)
• Trend: Strong downtrend — price below all SMAs
• RSI: 40.9 (leaning bearish)
• MACD: deeply negative at -191,624
• Volume: 2.27M shares, increasing (1.32x average) — selling pressure intensifying
• 3-Month Range: ₩1,322,000 – ₩2,919,000
🧠 Why This Matters:
SK Hynix is the canary in the coal mine for the semiconductor cycle. When Hynix sells off this hard with increasing volume, it signals institutional rotation out of memory, possibly on concerns about inventory levels or pricing power. However, at -47% from highs, much of the bad news may be priced in. The ₩1,322,000 3-month low is the last line of defense.
📋 Key Levels:
• Support: ₩1,322,000 (3-month low, critical)
• Resistance: ₩1,641,600 (SMA10) then ₩1,817,050 (SMA20)
• Accumulation zone: ₩1,350,000–₩1,450,000
• Invalidated below: ₩1,300,000
Memory is cyclical. The question is whether we are in mid-cycle correction or the start of a downturn.
💬 Memory sector play: A) SK Hynix at these levels is a steal B) MU is safer C) Avoiding the whole sector. What is your take? 👇
#SKHynix #Semiconductors #DYOR
⚠️ Disclaimer: This is not financial advice. Stock markets carry risk. Always do your own research and invest responsibly.
📊 Technical Snapshot:
• Price: ₩1,534,000 (-2.11% today)
• Trend: Strong downtrend — price below all SMAs
• RSI: 40.9 (leaning bearish)
• MACD: deeply negative at -191,624
• Volume: 2.27M shares, increasing (1.32x average) — selling pressure intensifying
• 3-Month Range: ₩1,322,000 – ₩2,919,000
🧠 Why This Matters:
SK Hynix is the canary in the coal mine for the semiconductor cycle. When Hynix sells off this hard with increasing volume, it signals institutional rotation out of memory, possibly on concerns about inventory levels or pricing power. However, at -47% from highs, much of the bad news may be priced in. The ₩1,322,000 3-month low is the last line of defense.
📋 Key Levels:
• Support: ₩1,322,000 (3-month low, critical)
• Resistance: ₩1,641,600 (SMA10) then ₩1,817,050 (SMA20)
• Accumulation zone: ₩1,350,000–₩1,450,000
• Invalidated below: ₩1,300,000
Memory is cyclical. The question is whether we are in mid-cycle correction or the start of a downturn.
💬 Memory sector play: A) SK Hynix at these levels is a steal B) MU is safer C) Avoiding the whole sector. What is your take? 👇
#SKHynix #Semiconductors #DYOR
⚠️ Disclaimer: This is not financial advice. Stock markets carry risk. Always do your own research and invest responsibly.