š¤ Stock Update 12:56
Samsung was still being urged to sell yesterday; today its 24-hour high reached 198.44, and itās now at 197.73āless than a dollar away from the top.
š SAMSUNG +5.17%
Current price 197.73; 24-hour range 187.23 to 198.44. Itās currently positioned near the upper end of this range. Itās only about a dollar short of the dayās high of 198.44. Trading volume: 79.62 million U. The price action here isnāt the kind of slow, bearish-to-bounce moveāitās a solid push upward into the top of the range.
This rally has two lines of news behind it. One is that the U.S. stock semiconductor sector is rising; stronger U.S. chip stocks are lifting these two Korean memory giants together. The other is that the market is talking about expectations for a āmemory super-cycle,ā and the rally was a direct surge early in the session. These two are essentially two ways of describing the same thing: the logic of memory price increases first catches fire in the U.S. chip supply chain, then transmits to Samsung.
At the same time, thereās another, less friendly piece of news: over the past two hours, big funds are buying SK hynix (SKęµ·å士) and selling Samsung Electronics (äøęēµå). Thatās interesting. With the same āmemory super-cycleā story, top traders chose to stand on the side of SK hynix, yet they took profits on Samsung. Samsungās current 5.17% gain looks more like itās being lifted by sector sentiment rather than being specifically singled out for purchase by āsmart money.ā Whether this is enough to truly support the size of this move is hard to say, but at least it shows that this surge doesnāt mean everyone agrees with this price.
This strategyāno matter how big funds chooseājust goes for the push first.
šÆ How to look at it
This looks more like sector sentiment lifting Samsung along with it, not a move where Samsung itself was selectively targeted by capital.
If big funds keep adding to SK hynix but do not enter Samsung, then the logic behind this sector resonance could diverge, and Samsungās upside may not hold. Next, watch two things: whether Samsung can hold above the line of its 24-hour high at 198.44, and whether the buying/selling direction of top traders between SK hynix and Samsung continues to widen.
At this level, can you accept it falling back to the 24-hour low of 187.23?
The above is for personal sharing only and does not constitute investment advice.
$SAMSUNG
Samsung was still being urged to sell yesterday; today its 24-hour high reached 198.44, and itās now at 197.73āless than a dollar away from the top.
š SAMSUNG +5.17%
Current price 197.73; 24-hour range 187.23 to 198.44. Itās currently positioned near the upper end of this range. Itās only about a dollar short of the dayās high of 198.44. Trading volume: 79.62 million U. The price action here isnāt the kind of slow, bearish-to-bounce moveāitās a solid push upward into the top of the range.
This rally has two lines of news behind it. One is that the U.S. stock semiconductor sector is rising; stronger U.S. chip stocks are lifting these two Korean memory giants together. The other is that the market is talking about expectations for a āmemory super-cycle,ā and the rally was a direct surge early in the session. These two are essentially two ways of describing the same thing: the logic of memory price increases first catches fire in the U.S. chip supply chain, then transmits to Samsung.
At the same time, thereās another, less friendly piece of news: over the past two hours, big funds are buying SK hynix (SKęµ·å士) and selling Samsung Electronics (äøęēµå). Thatās interesting. With the same āmemory super-cycleā story, top traders chose to stand on the side of SK hynix, yet they took profits on Samsung. Samsungās current 5.17% gain looks more like itās being lifted by sector sentiment rather than being specifically singled out for purchase by āsmart money.ā Whether this is enough to truly support the size of this move is hard to say, but at least it shows that this surge doesnāt mean everyone agrees with this price.
This strategyāno matter how big funds chooseājust goes for the push first.
šÆ How to look at it
This looks more like sector sentiment lifting Samsung along with it, not a move where Samsung itself was selectively targeted by capital.
If big funds keep adding to SK hynix but do not enter Samsung, then the logic behind this sector resonance could diverge, and Samsungās upside may not hold. Next, watch two things: whether Samsung can hold above the line of its 24-hour high at 198.44, and whether the buying/selling direction of top traders between SK hynix and Samsung continues to widen.
At this level, can you accept it falling back to the 24-hour low of 187.23?
The above is for personal sharing only and does not constitute investment advice.
$SAMSUNG