đ°đ· SK Hynix just popped +5.77% â is the memory turnaround real?
000660.KS trading at â©1,668,000 with 3.9M shares. RSI at 44.5 is still leaning bearish despite the jump. Price is consolidating between support and resistance. Volume is normal (1.14x), not yet showing conviction.
đ§ Why Watch This?
SK Hynix is down 43% from its 3-month high but up 26% from lows. The memory sector is cyclical, and we're likely near the bottom. HBM (High Bandwidth Memory) demand for AI is a real tailwind. This could be early innings of a multi-quarter recovery.
đ Key Levels:
âą Support: â©1,654,000 (critical)
âą Resistance: â©2,628,000 (major)
âą Current trend: Consolidation after downtrend
Is this the bottom for memory stocks or just a dead cat bounce? đ
â ïž Not financial advice. Always DYOR and manage risk.
#SKHynix #Memory #DYOR
000660.KS trading at â©1,668,000 with 3.9M shares. RSI at 44.5 is still leaning bearish despite the jump. Price is consolidating between support and resistance. Volume is normal (1.14x), not yet showing conviction.
đ§ Why Watch This?
SK Hynix is down 43% from its 3-month high but up 26% from lows. The memory sector is cyclical, and we're likely near the bottom. HBM (High Bandwidth Memory) demand for AI is a real tailwind. This could be early innings of a multi-quarter recovery.
đ Key Levels:
âą Support: â©1,654,000 (critical)
âą Resistance: â©2,628,000 (major)
âą Current trend: Consolidation after downtrend
Is this the bottom for memory stocks or just a dead cat bounce? đ
â ïž Not financial advice. Always DYOR and manage risk.
#SKHynix #Memory #DYOR