🇰🇷 SK Hynix at ₩1,662,000 — Up Just 1% But Sitting on a Powder Keg
SK Hynix (000660.KS) gained a modest +1.03% today, but do not let the quiet day fool you. This stock is 43% below its 3-month high and coiled for a move.
📊 Technical Snapshot:
Uptrend intact but momentum fading. RSI at 48 — dead neutral. Price above SMA5 (₩1,565,800) and SMA10 (₩1,541,100) but below SMA50 (₩2,035,220). Volume declining at 0.78x — waiting for a catalyst. The ₩1,504,000 support has held multiple tests.
🧠 The Setup:
SK Hynix is the world leader in HBM3E chips for AI accelerators. Every NVIDIA GPU needs their memory. The stock has been consolidating after a massive run-up, and RSI reset to neutral is exactly what you want to see before the next leg up. Catalyst: Q3 earnings and HBM4 roadmap updates.
📋 Key Levels:
• Support: ₩1,504,000 (critical — must hold)
• Resistance: ₩2,035,220 (SMA50 — first major test)
• Target: ₩2,628,000 (3-month high zone)
Is SK Hynix the best semiconductor play in Asia right now? 🤔
#SKHynix #Semiconductors #DYOR
📌 Disclaimer: Not financial advice. Korean equities carry currency risk. DYOR.
SK Hynix (000660.KS) gained a modest +1.03% today, but do not let the quiet day fool you. This stock is 43% below its 3-month high and coiled for a move.
📊 Technical Snapshot:
Uptrend intact but momentum fading. RSI at 48 — dead neutral. Price above SMA5 (₩1,565,800) and SMA10 (₩1,541,100) but below SMA50 (₩2,035,220). Volume declining at 0.78x — waiting for a catalyst. The ₩1,504,000 support has held multiple tests.
🧠 The Setup:
SK Hynix is the world leader in HBM3E chips for AI accelerators. Every NVIDIA GPU needs their memory. The stock has been consolidating after a massive run-up, and RSI reset to neutral is exactly what you want to see before the next leg up. Catalyst: Q3 earnings and HBM4 roadmap updates.
📋 Key Levels:
• Support: ₩1,504,000 (critical — must hold)
• Resistance: ₩2,035,220 (SMA50 — first major test)
• Target: ₩2,628,000 (3-month high zone)
Is SK Hynix the best semiconductor play in Asia right now? 🤔
#SKHynix #Semiconductors #DYOR
📌 Disclaimer: Not financial advice. Korean equities carry currency risk. DYOR.