đ°đ· SK Hynix (000660.KS) â â©1,678,000 And Grinding Higher
SK Hynix is quietly building a base, up 0.42% to â©1.678M. The world's #2 memory maker is still 42.5% below its 3-month high (â©2.919M) â which is either a warning sign or a massive discount.
đ Technical Snapshot:
âą Price: â©1,678,000 | Trend: Uptrend (short-term)
âą RSI: 49.1 (neutral) | MACD: negative at -62,879
âą Volume: 0.76x â below average
âą Price above SMA5/10/20 but below SMA50 (â©1,992,120)
đ Key Logic:
Same thesis as Micron â HBM3E demand for AI accelerators is real and growing. SK Hynix is the primary supplier to NVIDIA. The short-term uptrend is intact, but the SMA50 overhead at â©1.99M is the real test. Price needs to reclaim that level for a sustained move.
đ Key Levels:
Support: â©1,500,000 (psychological + structural)
Resistance: â©2,628,000 (major â 3-month resistance zone)
Bullish on memory for AI, or is this a value trap? đ§
#SKHynix #HBM #DYOR
â ïž This is not financial advice. All analysis reflects personal opinion and should not be taken as investment guidance. Always DYOR and manage your risk.
SK Hynix is quietly building a base, up 0.42% to â©1.678M. The world's #2 memory maker is still 42.5% below its 3-month high (â©2.919M) â which is either a warning sign or a massive discount.
đ Technical Snapshot:
âą Price: â©1,678,000 | Trend: Uptrend (short-term)
âą RSI: 49.1 (neutral) | MACD: negative at -62,879
âą Volume: 0.76x â below average
âą Price above SMA5/10/20 but below SMA50 (â©1,992,120)
đ Key Logic:
Same thesis as Micron â HBM3E demand for AI accelerators is real and growing. SK Hynix is the primary supplier to NVIDIA. The short-term uptrend is intact, but the SMA50 overhead at â©1.99M is the real test. Price needs to reclaim that level for a sustained move.
đ Key Levels:
Support: â©1,500,000 (psychological + structural)
Resistance: â©2,628,000 (major â 3-month resistance zone)
Bullish on memory for AI, or is this a value trap? đ§
#SKHynix #HBM #DYOR
â ïž This is not financial advice. All analysis reflects personal opinion and should not be taken as investment guidance. Always DYOR and manage your risk.