SK Hynix is down 51% from its 3-month high. The world's #2 memory chip maker is in serious trouble. đ
đ Technical Snapshot
⢠Price: âŠ1,420,000 (-0.14%)
⢠Trend: Strong downtrend
⢠RSI: 38.9 â approaching oversold
⢠Volume: declining (0.76x average)
⢠Below ALL major moving averages
The Bear Case
SK Hynix has been in a relentless downtrend. Price is below the 5-day (âŠ1,516,400), 20-day (âŠ1,687,300), and 50-day (âŠ2,107,120) averages. Every bounce has been sold.
đ Key Levels
⢠Support: âŠ1,322,000 (3-month low â critical)
⢠Resistance: âŠ2,628,000 (distant)
⢠Must see: volume spike + RSI divergence for reversal signal
⥠Why It Matters: When Hynix and Micron diverge, it signals regional tech sentiment differences. Both are weak now â that is a global memory cycle warning.
Is the memory cycle bottom near, or more pain ahead? đ
#SKHynix #Memory #DYOR
â ď¸ Disclaimer: This is not financial advice. Always do your own research and manage risk carefully.
đ Technical Snapshot
⢠Price: âŠ1,420,000 (-0.14%)
⢠Trend: Strong downtrend
⢠RSI: 38.9 â approaching oversold
⢠Volume: declining (0.76x average)
⢠Below ALL major moving averages
The Bear Case
SK Hynix has been in a relentless downtrend. Price is below the 5-day (âŠ1,516,400), 20-day (âŠ1,687,300), and 50-day (âŠ2,107,120) averages. Every bounce has been sold.
đ Key Levels
⢠Support: âŠ1,322,000 (3-month low â critical)
⢠Resistance: âŠ2,628,000 (distant)
⢠Must see: volume spike + RSI divergence for reversal signal
⥠Why It Matters: When Hynix and Micron diverge, it signals regional tech sentiment differences. Both are weak now â that is a global memory cycle warning.
Is the memory cycle bottom near, or more pain ahead? đ
#SKHynix #Memory #DYOR
â ď¸ Disclaimer: This is not financial advice. Always do your own research and manage risk carefully.