๐ฅ SK Hynix crashed -8.79% today โ the second-largest memory chip maker just got hammered. Here is why traders should pay attention.
๐ Technical Snapshot:
Price: KRW 1,567,000
RSI: 41.6 โ leaning bearish
Trend: Downtrend, below ALL major SMAs
Volume: 5.4M shares โ 1.5x normal (heavy selling)
3-month decline: -46.3% from KRW 2,919,000
๐ง The Key Logic:
SK Hynix is the HBM (High Bandwidth Memory) king for AI chips. But today dump on elevated volume suggests institutional selling, not just retail panic. The stock is now closer to its 3-month low (KRW 1,322,000) than its high. MACD histogram at -38,489 โ deeply negative momentum.
๐ Key Levels:
Support: KRW 1,322,000 (3-month low โ must hold)
Resistance: KRW 1,671,800 (10-SMA) | KRW 2,164,780 (50-SMA)
โก Is this the capitulation bottom for memory chips or more pain ahead? ๐
#SKHynix #MemoryChips #StockAnalysis
โ ๏ธ Disclaimer: This is not financial advice. Always do your own research before making investment decisions.
๐ Technical Snapshot:
Price: KRW 1,567,000
RSI: 41.6 โ leaning bearish
Trend: Downtrend, below ALL major SMAs
Volume: 5.4M shares โ 1.5x normal (heavy selling)
3-month decline: -46.3% from KRW 2,919,000
๐ง The Key Logic:
SK Hynix is the HBM (High Bandwidth Memory) king for AI chips. But today dump on elevated volume suggests institutional selling, not just retail panic. The stock is now closer to its 3-month low (KRW 1,322,000) than its high. MACD histogram at -38,489 โ deeply negative momentum.
๐ Key Levels:
Support: KRW 1,322,000 (3-month low โ must hold)
Resistance: KRW 1,671,800 (10-SMA) | KRW 2,164,780 (50-SMA)
โก Is this the capitulation bottom for memory chips or more pain ahead? ๐
#SKHynix #MemoryChips #StockAnalysis
โ ๏ธ Disclaimer: This is not financial advice. Always do your own research before making investment decisions.