SK Hynix +8.56% this wave—$SKHYNIX went straight to 1211. Trading value hit $2 billion. This isn’t volume that retail investors can smash out.
The market logic is very clear: the 1100 area was a prior zone of heavy clustered trading. Today it was pushed down to 1100.01 and then pulled back, which shows that capital is defending it. Now that it’s above 1200, near-term resistance is expected around 1220–1230. If it breaks through, upside space will open up; if it doesn’t, then this move is just an oversold rebound.
The HBM thesis hasn’t changed. Nvidia’s supply still needs to rely on Hynix. The AI story isn’t dead—it’s just that the drop earlier was too harsh. If $NVDA stabilizes, then $SKHYNIX will likely have even more leverage.
In terms of trading, I lean toward buying on a pullback around 1150–1160. Put the stop-loss below 1100. First target: 1220. Chasing higher prices generally isn’t as cost-effective—unless it breaks 1220 on strong volume, and then I’ll add.
#Semiconductors
The market logic is very clear: the 1100 area was a prior zone of heavy clustered trading. Today it was pushed down to 1100.01 and then pulled back, which shows that capital is defending it. Now that it’s above 1200, near-term resistance is expected around 1220–1230. If it breaks through, upside space will open up; if it doesn’t, then this move is just an oversold rebound.
The HBM thesis hasn’t changed. Nvidia’s supply still needs to rely on Hynix. The AI story isn’t dead—it’s just that the drop earlier was too harsh. If $NVDA stabilizes, then $SKHYNIX will likely have even more leverage.
In terms of trading, I lean toward buying on a pullback around 1150–1160. Put the stop-loss below 1100. First target: 1220. Chasing higher prices generally isn’t as cost-effective—unless it breaks 1220 on strong volume, and then I’ll add.
#Semiconductors