SK Hynix just lost nearly 10% in a single session. The worlds #2 memory maker is in freefall — is anyone catching this knife? 🧵
📊 Technical Snapshot:
000660.KS at ₩1,500,000, -9.75% today. RSI at 42.9 — approaching oversold but not there yet. Strong downtrend confirmed: price below ALL moving averages (SMA5/10/20/50). MACD is deeply negative.
🔍 What Is Happening:
SK Hynix is 48.6% off its 3-month high. Let that sink in — nearly HALVED from peak. The sell-off is on declining volume (0.8x), which means sellers are exhausted but buyers have not arrived yet.
The semiconductor cycle is turning, but the market is pricing in worst-case. HBM demand remains strong, but earnings guidance and macro uncertainty (tariffs, China restrictions) are weighing heavily.
📋 Key Levels:
• Support: ₩1,500,000 (psychological + current test) → ₩1,322,000 (3-month low)
• Resistance: ₩1,589,650 (SMA20) → ₩2,027,000 (SMA50)
• Watch: A close below ₩1.5M opens the door to ₩1.3M
⚡ The Verdict:
This is a watchlist stock, not a buy-today stock. The trend is firmly down. Wait for a base to form — two consecutive higher lows on the daily chart would be the first bullish signal.
💬 Is SK Hynix a value trap or the buy of the year at these levels? 👇
#Stocks #SKHynix #Semiconductors #DYOR
⚠️ Disclaimer: Not financial advice. International stocks carry currency and geopolitical risk.
📊 Technical Snapshot:
000660.KS at ₩1,500,000, -9.75% today. RSI at 42.9 — approaching oversold but not there yet. Strong downtrend confirmed: price below ALL moving averages (SMA5/10/20/50). MACD is deeply negative.
🔍 What Is Happening:
SK Hynix is 48.6% off its 3-month high. Let that sink in — nearly HALVED from peak. The sell-off is on declining volume (0.8x), which means sellers are exhausted but buyers have not arrived yet.
The semiconductor cycle is turning, but the market is pricing in worst-case. HBM demand remains strong, but earnings guidance and macro uncertainty (tariffs, China restrictions) are weighing heavily.
📋 Key Levels:
• Support: ₩1,500,000 (psychological + current test) → ₩1,322,000 (3-month low)
• Resistance: ₩1,589,650 (SMA20) → ₩2,027,000 (SMA50)
• Watch: A close below ₩1.5M opens the door to ₩1.3M
⚡ The Verdict:
This is a watchlist stock, not a buy-today stock. The trend is firmly down. Wait for a base to form — two consecutive higher lows on the daily chart would be the first bullish signal.
💬 Is SK Hynix a value trap or the buy of the year at these levels? 👇
#Stocks #SKHynix #Semiconductors #DYOR
⚠️ Disclaimer: Not financial advice. International stocks carry currency and geopolitical risk.