đ°đ· SK Hynix just broke above its 20-day MA with a +3.26% move. The world's #2 memory chip maker is waking up.
đ Technical Snapshot:
â©1,645,000 (+3.26%) | RSI: 47.2 | Uptrend
Breaking above the 20-day MA (â©1,611,550) is significant â first time in weeks. RSI at 47.2 = neutral with PLENTY of room. Volume declining (0.71x) suggests accumulation phase.
đ§ Why SK Hynix Matters:
âą Second-largest memory chip maker globally
âą HBM chips are essential for NVIDIA/AMD AI accelerators
âą Still -43.6% from 3-month high = deeply discounted vs. highs
âą Memory pricing cycle turning positive
âą AI infrastructure build-out = sustained demand tailwind
đ Key Levels:
đą Support: â©1,504,000 (recent low)
đŽ Resistance: â©2,628,000 (50-day MA â major overhead)
đ Watch: Needs to hold above 20-day MA for bullish confirmation
đ Memory stocks are cyclical. Is this the start of a new upcycle or just an oversold bounce? đ€
#SKHynix #Memory #Stocks
đ Not financial advice. Korean market stocks carry currency risk. Always DYOR.
đ Technical Snapshot:
â©1,645,000 (+3.26%) | RSI: 47.2 | Uptrend
Breaking above the 20-day MA (â©1,611,550) is significant â first time in weeks. RSI at 47.2 = neutral with PLENTY of room. Volume declining (0.71x) suggests accumulation phase.
đ§ Why SK Hynix Matters:
âą Second-largest memory chip maker globally
âą HBM chips are essential for NVIDIA/AMD AI accelerators
âą Still -43.6% from 3-month high = deeply discounted vs. highs
âą Memory pricing cycle turning positive
âą AI infrastructure build-out = sustained demand tailwind
đ Key Levels:
đą Support: â©1,504,000 (recent low)
đŽ Resistance: â©2,628,000 (50-day MA â major overhead)
đ Watch: Needs to hold above 20-day MA for bullish confirmation
đ Memory stocks are cyclical. Is this the start of a new upcycle or just an oversold bounce? đ€
#SKHynix #Memory #Stocks
đ Not financial advice. Korean market stocks carry currency risk. Always DYOR.