📉 Memory Stocks: Another Pullback Ahead?
The recent weakness in memory stocks is starting to resemble the previous major correction.
Last time, SK Hynix dropped from 1,350 to 900. This time, it has already declined from 1,390 to 1,025. Meanwhile, MU continues to show relative strength compared with the rest of the sector.
With the U.S. midterm elections roughly two weeks away, the next few weeks could bring fresh headlines and increased volatility.
👀 My view: We could see another relief rally before the market makes its next major move. However, if prices surge toward resistance, I’d be watching carefully for signs of exhaustion and a possible deeper correction.
Patience is key — the next pullback could offer a better entry opportunity.
What’s your outlook for $MU and $SNDK ? More upside ahead, or another correction coming? 📊
$SKHYNIX
#MU #SNDK #StockMarket #MarketAnalysis
The recent weakness in memory stocks is starting to resemble the previous major correction.
Last time, SK Hynix dropped from 1,350 to 900. This time, it has already declined from 1,390 to 1,025. Meanwhile, MU continues to show relative strength compared with the rest of the sector.
With the U.S. midterm elections roughly two weeks away, the next few weeks could bring fresh headlines and increased volatility.
👀 My view: We could see another relief rally before the market makes its next major move. However, if prices surge toward resistance, I’d be watching carefully for signs of exhaustion and a possible deeper correction.
Patience is key — the next pullback could offer a better entry opportunity.
What’s your outlook for $MU and $SNDK ? More upside ahead, or another correction coming? 📊
$SKHYNIX
#MU #SNDK #StockMarket #MarketAnalysis