📉 SK Hynix (000660.KS) is down 4.88% today, trading near 1,422,000 KRW — and it's already down 51.3% from its 3-month high.

That's a MASSIVE drawdown for one of the world's largest memory chip makers. What's going on?

📊 Technical Snapshot:
• RSI: 39 — approaching oversold but NOT there yet (dangerous zone)
• MACD: deeply negative at -183,491, histogram still declining
• Price BELOW ALL major moving averages (5/10/20/50-day) — textbook bearish alignment
• Volume: 0.83x average — orderly selling, not capitulation yet

⚡ The Bigger Picture:
Memory chip demand is tightly linked to AI infrastructure spending. When hyperscalers hint at slowing capex, Hynix feels it first because it's the purest play on HBM (High Bandwidth Memory).

The stock breaking below ALL moving averages with declining momentum is a serious signal. Death cross setups can persist for weeks.

📍 Key Levels:
• Support: 1,322,000 KRW (3-month low — the last line of defense)
• Resistance: 1,577,000 KRW (prior support turned resistance) / 2,125,000 KRW (50-day SMA)

📋 Approach:
This is NOT a buy-the-dip setup. Wait for:
1. RSI below 30 (actual capitulation)
2. A higher low on the daily chart
3. Volume spike on a green day (reversal signal)

The AI chip thesis is intact long-term, but the stock is telling a different story right now.

Buy the fear or wait for the floor? 👇

#SKHynix #Semiconductors #DYOR

⚠️ Not financial advice. DYOR. Always do your own research before trading.