🇰🇷 SK Hynix surging +9.38% today. The HBM king is bouncing back hard.
The Move:
SK Hynix jumped to ₩1,645,000 — nearly 10% in a single session. After being down 44% from its 3-month high, this bounce is significant. RSI at 45.4 is neutral, meaning there's plenty of room to run before overbought conditions.
Why This Is Interesting:
SK Hynix is THE dominant player in HBM (High Bandwidth Memory) chips. Every NVIDIA GPU sold needs their memory. With AI chip demand accelerating, their order book should remain full for years. This isn't speculation — it's supply chain reality.
Key Levels:
• Support: ₩1,504,000 (previous close)
• Resistance: ₩2,628,000 (3-month high — 60% upside potential)
• Currently 44% below highs, 24% above lows
• SMA50 at ₩2,056,440 — the key level to reclaim
Technical Note:
Price just broke above SMA5 (₩1,472,800) and is approaching SMA20 (₩1,621,400). A clean break above the 20-day could trigger momentum buying. Volume is declining though — needs confirmation.
The semiconductor supply chain is the backbone of AI. SK Hynix isn't just a chip stock — it's an AI infrastructure essential.
HBM demand: sustainable boom or cyclical peak? What's your view? 👇
#SKHynix #AI #DYOR
⚠️ Not financial advice. Always do your own research and consider currency risk for international equities.
The Move:
SK Hynix jumped to ₩1,645,000 — nearly 10% in a single session. After being down 44% from its 3-month high, this bounce is significant. RSI at 45.4 is neutral, meaning there's plenty of room to run before overbought conditions.
Why This Is Interesting:
SK Hynix is THE dominant player in HBM (High Bandwidth Memory) chips. Every NVIDIA GPU sold needs their memory. With AI chip demand accelerating, their order book should remain full for years. This isn't speculation — it's supply chain reality.
Key Levels:
• Support: ₩1,504,000 (previous close)
• Resistance: ₩2,628,000 (3-month high — 60% upside potential)
• Currently 44% below highs, 24% above lows
• SMA50 at ₩2,056,440 — the key level to reclaim
Technical Note:
Price just broke above SMA5 (₩1,472,800) and is approaching SMA20 (₩1,621,400). A clean break above the 20-day could trigger momentum buying. Volume is declining though — needs confirmation.
The semiconductor supply chain is the backbone of AI. SK Hynix isn't just a chip stock — it's an AI infrastructure essential.
HBM demand: sustainable boom or cyclical peak? What's your view? 👇
#SKHynix #AI #DYOR
⚠️ Not financial advice. Always do your own research and consider currency risk for international equities.