đ°đˇ SK Hynix just got slammed -10.37% in a single session. That's not a correction â that's a statement from the market.
đ Technical Snapshot:
⢠Price: âŠ1,495,000 (-10.37%)
⢠RSI: 40.6 â bearish-leaning but not oversold yet
⢠MACD: deeply negative at -178,034 with bearish histogram expanding
⢠Trend: Strong downtrend â price below ALL major moving averages
⢠Volume: 5.5M shares (1.01x normal) â normal volume, meaning this is institutional selling, not panic
đ Why This Matters:
⢠SK Hynix is down 48.8% from its 3-month high of âŠ2,919,000 â this is a full-blown downtrend
⢠Trading well below SMA20 (âŠ1,763,500) and SMA50 (âŠ2,140,920) â no support above
⢠The -10% single-day drop on normal volume suggests institutional rotation out of memory chip stocks
⢠This is a global semiconductor storage weakness story â SNDK is also down 5.4%
đ Key Levels:
⢠Support: âŠ1,601,000 â âŠ1,322,000 (3-month low â last line of defense)
⢠Resistance: âŠ1,605,000 (SMA5) â âŠ2,140,920 (SMA50)
đ Trade Plan:
⢠Don't catch this falling knife â wait for volume climax or bullish divergence
⢠If it approaches âŠ1,322,000 with declining volume â watch for reversal
⢠Only go long with confirmed daily close above SMA20
⥠Is this an earnings-related dump or a sector rotation story? Will SK Hynix test its 3-month low? đ
#SKHynix #Semiconductors #DYOR
â ď¸ Disclaimer: This is not financial advice. Always do your own research before making investment decisions. Past performance doesn't guarantee future results.
đ Technical Snapshot:
⢠Price: âŠ1,495,000 (-10.37%)
⢠RSI: 40.6 â bearish-leaning but not oversold yet
⢠MACD: deeply negative at -178,034 with bearish histogram expanding
⢠Trend: Strong downtrend â price below ALL major moving averages
⢠Volume: 5.5M shares (1.01x normal) â normal volume, meaning this is institutional selling, not panic
đ Why This Matters:
⢠SK Hynix is down 48.8% from its 3-month high of âŠ2,919,000 â this is a full-blown downtrend
⢠Trading well below SMA20 (âŠ1,763,500) and SMA50 (âŠ2,140,920) â no support above
⢠The -10% single-day drop on normal volume suggests institutional rotation out of memory chip stocks
⢠This is a global semiconductor storage weakness story â SNDK is also down 5.4%
đ Key Levels:
⢠Support: âŠ1,601,000 â âŠ1,322,000 (3-month low â last line of defense)
⢠Resistance: âŠ1,605,000 (SMA5) â âŠ2,140,920 (SMA50)
đ Trade Plan:
⢠Don't catch this falling knife â wait for volume climax or bullish divergence
⢠If it approaches âŠ1,322,000 with declining volume â watch for reversal
⢠Only go long with confirmed daily close above SMA20
⥠Is this an earnings-related dump or a sector rotation story? Will SK Hynix test its 3-month low? đ
#SKHynix #Semiconductors #DYOR
â ď¸ Disclaimer: This is not financial advice. Always do your own research before making investment decisions. Past performance doesn't guarantee future results.