8.10 Monday Market Overview: Hynix $SKHY $ short on rallies, buy on pullbacks to seek a rebound
After Hynix reached a new high of 195, it then kept pulling back; the longing has been unbearable. The strategy remains the same: short on rebounds and buy on pullbacks—high to short, low to buy.
The Korean stock market experienced consecutive trading halts, and Hynix was hit hard along with public opinion pressure. The stock price pulled back, leaving those trapped at the top to feel the chilling breeze.
Hynix is suppressed by a descending trendline, forming an M double-top pullback structure at 156.
Draw a Fibonacci 0.618 from the low to the high; it aligns with support at 134, creating a two-point resonance.
Enter a light position on the left side to go long at 134.12. Set stop-loss below the prior low at 118.85. Targets are near 150.09 and 164.82.
151–156 is still a resistance zone: short on rebounds. Stop-loss at 165.21. Targets are 137.69 and 125.32.
For stock market trading, try to focus on medium- to long-term positions. Don’t like crypto, choose short-term trades with fast, frequent timing $SKHY
Friends passing by, please take a moment to follow, like, and leave a comment—this is my greatest support. Thank you and I’m grateful! The information above is only for chart/market analysis and does not constitute trading instructions;
Follow me so you won’t get lost. Every day I’ll bring you the latest news, latest updates, and level/price analyses. And also the wealth code you want—remember to follow and like.
After Hynix reached a new high of 195, it then kept pulling back; the longing has been unbearable. The strategy remains the same: short on rebounds and buy on pullbacks—high to short, low to buy.
The Korean stock market experienced consecutive trading halts, and Hynix was hit hard along with public opinion pressure. The stock price pulled back, leaving those trapped at the top to feel the chilling breeze.
Hynix is suppressed by a descending trendline, forming an M double-top pullback structure at 156.
Draw a Fibonacci 0.618 from the low to the high; it aligns with support at 134, creating a two-point resonance.
Enter a light position on the left side to go long at 134.12. Set stop-loss below the prior low at 118.85. Targets are near 150.09 and 164.82.
151–156 is still a resistance zone: short on rebounds. Stop-loss at 165.21. Targets are 137.69 and 125.32.
For stock market trading, try to focus on medium- to long-term positions. Don’t like crypto, choose short-term trades with fast, frequent timing $SKHY
Friends passing by, please take a moment to follow, like, and leave a comment—this is my greatest support. Thank you and I’m grateful! The information above is only for chart/market analysis and does not constitute trading instructions;
Follow me so you won’t get lost. Every day I’ll bring you the latest news, latest updates, and level/price analyses. And also the wealth code you want—remember to follow and like.