SK hynix SKHY analysis
Revisiting yesterday’s view: Yesterday we pointed out that the key resistance above is 167–169; pre-market it was at 164. If price cannot hold above this resistance, it will still pull back. In the short term, upside potential is limited, so we do not recommend going long.
The market is in line with expectations. After gapping up and pushing higher, it pulled back. The current pre-market price is 158.
Currently, price is continuing to trade in a box range consolidation. The upper edge of the range is 167–169, and the lower edge is 150–157. It has not yet chosen a direction and started making a move.
At this stage, we maintain a range-trading approach and wait for a valid upside breakout. Only after the 167 box top is firmly held should we consider looking at higher targets. #英伟达开盘140分钟成交335亿美元
Revisiting yesterday’s view: Yesterday we pointed out that the key resistance above is 167–169; pre-market it was at 164. If price cannot hold above this resistance, it will still pull back. In the short term, upside potential is limited, so we do not recommend going long.
The market is in line with expectations. After gapping up and pushing higher, it pulled back. The current pre-market price is 158.
Currently, price is continuing to trade in a box range consolidation. The upper edge of the range is 167–169, and the lower edge is 150–157. It has not yet chosen a direction and started making a move.
At this stage, we maintain a range-trading approach and wait for a valid upside breakout. Only after the 167 box top is firmly held should we consider looking at higher targets. #英伟达开盘140分钟成交335亿美元
