🇰🇷 SK Hynix +5.92% — the global memory rally extends to Seoul
SK Hynix is surging in Korean trading, confirming the memory chip thesis is a global phenomenon.
📊 Technical Snapshot:
• Price: ₩1,593,000 (+5.92%)
• Trend: Consolidation with bullish breakout attempt
• RSI: 45.3 (plenty of room — not even close to overbought)
• Volume declining slightly (0.72x avg) — needs follow-through
• SMA20 at ₩1,621,400 = immediate resistance to clear
💡 Why This Matters:
SK Hynix is the world's
#2 memory maker and the undisputed leader in HBM chips for AI accelerators. When MU rallies in the US and Hynix follows in Korea, it confirms sector-wide momentum. The stock is 45% off its 3-month high — meaning significant upside if the cycle continues.
🎯 Key Levels:
• Support: ₩1,504,000 (recent base, today's previous close)
• Resistance: ₩1,621,400 (20-day MA), then ₩2,056,440 (50-day MA)
• 3-month range: ₩1,322,000 - ₩2,919,000
The AI infrastructure buildout is the defining investment theme of this decade, and memory is the bottleneck.
Global memory play — US names or Korean names? 💬
#Stocks #AI #DYOR
⚠️ This is not financial advice. Do your own research. Trading involves risk.