SK Hynix at 1,595,000 KRW โ down 4.55% and trading 45% below its 3-month high. The HBM king is on sale. But is it cheap or broken?
Korean semiconductor stocks are having a rough patch. SK Hynix, the world's
#2 memory maker and HBM leader for AI chips, has been sliding. Today's -4.55% adds to the pain. But volume is declining โ that's a clue.
๐ Technical Snapshot:
โข Price: 1,595,000 KRW
โข RSI: 46.2 โ neutral, slightly bearish
โข SMA20: 1,557,800 โ price barely above this key support
โข SMA50: 1,990,460 โ massive resistance overhead
โข Volume: 0.69x average โ declining, no capitulation
โข 3-month range: 1,322,000 - 2,919,000 KRW
๐ก Why It Matters:
SK Hynix supplies HBM chips to NVIDIA for AI accelerators. The AI boom isn't slowing, but memory pricing cycles are cyclical. The stock is caught between long-term AI demand and short-term cyclical concerns.
๐ Key Levels:
โข Support: 1,500,000 KRW (psychological + technical)
โข Resistance: 2,628,000 KRW (next major level)
โข Danger zone: break below 1.5M targets 1.32M lows
Is SK Hynix a value play or a falling knife? ๐ค
โ ๏ธ This is not financial advice. Always do your own research.
#SKHynix #Semiconductors #HBM #DYOR