đŸ SK Hynix at â©1,653,000 â down 2.07% and caught in a consolidation that's been grinding for weeks.
The Korean memory giant shows RSI at 51 (dead neutral) with MACD turning negative at -43,883. Volume is declining at 63% of average â the market lacks conviction. Price sits above SMA20 (â©1,585,300) but well below SMA50 (â©1,967,080).
đ Key Levels:
âą Support: â©1,500,000 (psychological + technical)
âą Resistance: â©1,967,000 (SMA50) then â©2,628,000 (3-month high zone)
âą 3-month range: â©1,322,000 - â©2,919,000 (currently 43% below high)
đĄ Why It Matters:
Hynix is the world's #2 memory maker and a key AI beneficiary. The 43% pullback from highs has been painful, but the consolidation near â©1.65M is building a base. Declining volume suggests sellers are exhausted.
đ€ Is SK Hynix a better value play than Micron right now? đ°đ· vs đșđž
#SKHynix #MemoryChip #DYOR
â ïž Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.
The Korean memory giant shows RSI at 51 (dead neutral) with MACD turning negative at -43,883. Volume is declining at 63% of average â the market lacks conviction. Price sits above SMA20 (â©1,585,300) but well below SMA50 (â©1,967,080).
đ Key Levels:
âą Support: â©1,500,000 (psychological + technical)
âą Resistance: â©1,967,000 (SMA50) then â©2,628,000 (3-month high zone)
âą 3-month range: â©1,322,000 - â©2,919,000 (currently 43% below high)
đĄ Why It Matters:
Hynix is the world's #2 memory maker and a key AI beneficiary. The 43% pullback from highs has been painful, but the consolidation near â©1.65M is building a base. Declining volume suggests sellers are exhausted.
đ€ Is SK Hynix a better value play than Micron right now? đ°đ· vs đșđž
#SKHynix #MemoryChip #DYOR
â ïž Disclaimer: Not financial advice. Do your own research. Trade only what you can afford to lose.