🇰🇷 SK Hynix (000660.KS) up +3.4% to ₩1,647,000 — the HBM king is stirring, and it tells us something about AI demand.

When the world's #1 HBM supplier moves, the entire AI supply chain listens.

📊 Technical Snapshot:
• Price: ₩1,647,000 (+3.39%)
• RSI: 47.3 — neutral, plenty of upside room
• Trend: Uptrend
• SMA5: ₩1,517,800 | SMA10: ₩1,531,800 — price above both
• SMA50: ₩2,043,420 — still far above (major resistance)
• Volume: 2.7M shares (0.65x — light volume)
• 3-month range: ₩1,322,000–₩2,919,000 (43.6% off highs!)

🧠 The HBM Thesis:
SK Hynix supplies over 50% of the world's HBM chips. Every NVIDIA H100/B200 that ships has Hynix memory inside. The stock is down 43.6% from its 3-month high, which means the market has already priced in a LOT of pessimism.

When a market leader drops 43% and then starts moving up on the daily chart, it's either:
a) Dead cat bounce in a structural decline
b) The bottom of a major accumulation zone

The uptrend designation and move above short-term MAs suggest (b) is more likely.

📋 Key Levels to Watch:
• Support: ₩1,504,000 (recent floor)
• Current: ₩1,647,000
• Resistance: ₩2,043,420 (SMA50 — the big test)
• Long-term Target: ₩2,628,000 (prior structure)

📌 The play: This is a swing trade for patient capital. Buy the ₩1.5M-1.65M zone, target the SMA50 breakout. If Hynix clears ₩2M, the AI memory trade is back in full force.

Memory chip cycle: early innings or late cycle? Your view? 👇

#SKHynix #AI #Semiconductors

⚠️ Disclaimer: Personal analysis, not financial advice. Korean equities carry currency and market risk. Always DYOR.