SK Hynix is down 51% from its 3-month high. ā©1,425,000 when it was ā©2,919,000 just weeks ago. That's not a dip ā that's a different market.
š Technical Snapshot:
Price: ā©1,425,000 (+0.35%)
Trend: Strong downtrend | RSI: 39.1 (leaning bearish)
MACD: Deeply negative (-183,944)
Volume: 3.8M shares ā declining (0.72x)
SMA5: ā©1,486K | SMA20: ā©1,666K | SMA50: ā©2,089K
The Reality:
All moving averages are above price and diverging ā textbook bearish alignment. Hynix is 51% off highs but only 7.8% above its 3-month low (ā©1,322,000). That means support is right below, but so is the risk of a new low.
Key Levels:
Support: ā©1,322,000 (3-month low ā critical)
Resistance: ā©1,550,000 ā ā©1,666,000 (SMA20)
š” The HBM story is intact long-term, but the market is pricing in near-term headwinds. Watch ā©1,322K ā a break below opens significant downside.
š Is the semiconductor downturn overblown or just getting started?
#SKHynix #Memory #DYOR
ā ļø Disclaimer: This is not financial advice. International stocks carry additional currency risk. Always do your own research.
š Technical Snapshot:
Price: ā©1,425,000 (+0.35%)
Trend: Strong downtrend | RSI: 39.1 (leaning bearish)
MACD: Deeply negative (-183,944)
Volume: 3.8M shares ā declining (0.72x)
SMA5: ā©1,486K | SMA20: ā©1,666K | SMA50: ā©2,089K
The Reality:
All moving averages are above price and diverging ā textbook bearish alignment. Hynix is 51% off highs but only 7.8% above its 3-month low (ā©1,322,000). That means support is right below, but so is the risk of a new low.
Key Levels:
Support: ā©1,322,000 (3-month low ā critical)
Resistance: ā©1,550,000 ā ā©1,666,000 (SMA20)
š” The HBM story is intact long-term, but the market is pricing in near-term headwinds. Watch ā©1,322K ā a break below opens significant downside.
š Is the semiconductor downturn overblown or just getting started?
#SKHynix #Memory #DYOR
ā ļø Disclaimer: This is not financial advice. International stocks carry additional currency risk. Always do your own research.