$SKHYNIX We've already started going long on Hynix. After a week of consecutive declines, the first resistance level to watch above is 981.
The latest short-term move in U.S. stocks has shown signs of finding a bottom, but to confirm a genuine reversal, we still need to see three things: oil prices cool, U.S. stock futures rebound, and Treasury yields pull back.
I think we can start building a core position in stages at current levels. Start with long positions, then assess the strength of the reversal based on subsequent market action.
The latest short-term move in U.S. stocks has shown signs of finding a bottom, but to confirm a genuine reversal, we still need to see three things: oil prices cool, U.S. stock futures rebound, and Treasury yields pull back.
I think we can start building a core position in stages at current levels. Start with long positions, then assess the strength of the reversal based on subsequent market action.