đ°đ· SK Hynix just ripped +12.47% in a single session â and it's NOT just about earnings. Something bigger is happening in memory.
The world's #2 memory chip maker surged from â©1,500,000 to â©1,687,000. But here's what's fascinating: despite the massive move, RSI is only at 49.7. That means this stock has been so beaten down (still -42% from 3-month highs) that one big green candle barely registers as overbought.
MACD is still bearish on the daily, which tells me this is a counter-trend bounce â not a confirmed reversal yet. But when volume accompanies a +12% move, it demands attention.
đĄ Why SK Hynix Is on My Radar:
HBM3E demand from NVIDIA and AMD is real. SK Hynix is the market leader in next-gen memory. If AI capex continues, this stock is fundamentally cheap at current levels.
đ Key Levels:
Support: â©1,500,000 (today's breakout level)
Resistance: â©2,628,000 (3-month high zone)
Watch for: MACD crossover confirmation
đ SK Hynix or Micron â which memory stock would you rather own for the next 6 months? đ
#SKHynix #Memory #DYOR
â ïž Disclaimer: This is not financial advice. International stocks carry currency and geopolitical risk. Always do your own research.
The world's #2 memory chip maker surged from â©1,500,000 to â©1,687,000. But here's what's fascinating: despite the massive move, RSI is only at 49.7. That means this stock has been so beaten down (still -42% from 3-month highs) that one big green candle barely registers as overbought.
MACD is still bearish on the daily, which tells me this is a counter-trend bounce â not a confirmed reversal yet. But when volume accompanies a +12% move, it demands attention.
đĄ Why SK Hynix Is on My Radar:
HBM3E demand from NVIDIA and AMD is real. SK Hynix is the market leader in next-gen memory. If AI capex continues, this stock is fundamentally cheap at current levels.
đ Key Levels:
Support: â©1,500,000 (today's breakout level)
Resistance: â©2,628,000 (3-month high zone)
Watch for: MACD crossover confirmation
đ SK Hynix or Micron â which memory stock would you rather own for the next 6 months? đ
#SKHynix #Memory #DYOR
â ïž Disclaimer: This is not financial advice. International stocks carry currency and geopolitical risk. Always do your own research.