Is $SKHYNIX just bouncing back, or is it starting a strong rally???
U.S. stocks plunged over the weekend, with sharp losses across the board. There was no real reason for this latest drop—it was just a shakeout to prepare for the bull market. In short, it was a washout. SK Hynix had the strongest rebound in this wave. The shakeout has pretty much cleared out the weak hands, with the price breaking below the previous low of 853.01. The market has been thoroughly cleansed. The price is now at 976. Should we go long or short next?
First, the earlier negative news has already been priced in. On top of that, the daily chart is showing clear signs of stabilization. ChangXin’s technological progress has indeed added competitive pressure, but the market seems to have already repriced the entire AI memory supply chain. At the current price of 978, you could open a small long position of one lot, with a target of 1050. #Russia’s central bank says transactions from self-custody wallets will be banned in July 2027
U.S. stocks plunged over the weekend, with sharp losses across the board. There was no real reason for this latest drop—it was just a shakeout to prepare for the bull market. In short, it was a washout. SK Hynix had the strongest rebound in this wave. The shakeout has pretty much cleared out the weak hands, with the price breaking below the previous low of 853.01. The market has been thoroughly cleansed. The price is now at 976. Should we go long or short next?
First, the earlier negative news has already been priced in. On top of that, the daily chart is showing clear signs of stabilization. ChangXin’s technological progress has indeed added competitive pressure, but the market seems to have already repriced the entire AI memory supply chain. At the current price of 978, you could open a small long position of one lot, with a target of 1050. #Russia’s central bank says transactions from self-custody wallets will be banned in July 2027