š°š· SK Hynix just printed a +12.7% daily candle. ā©1,691,000 with volume surging. After falling 42% from its 3-month high, the memory giant is fighting back.
RSI at 49.9 is dead neutral ā this rally hasn't even gotten started on the oscillators. The stock just broke above its 20-day moving average (ā©1,582,700), which is the first bullish signal in weeks.
š” The Turnaround Case:
SK Hynix is the world's #2 memory maker and the undisputed leader in HBM (High Bandwidth Memory) for AI chips. When AI capex accelerates, Hynix benefits directly. The MACD histogram is compressing toward zero ā a bullish crossover could be imminent.
š Key Levels:
Support: ā©1,500,000 (recent low + psychological)
Resistance: ā©2,016,520 (SMA50) ā ā©2,628,000
RSI: 49.9 (neutral ā massive room to run)
A 12.7% daily move with neutral RSI is rare. It usually means the move has legs. But the bearish MACD hasn't flipped yet ā watch for that confirmation signal.
Is this the bottom for semiconductors, or a dead cat bounce? š
#SKHynix #Semiconductors #AI
ā ļø This is not financial advice. Always DYOR and manage your risk. Past performance does not guarantee future results.
RSI at 49.9 is dead neutral ā this rally hasn't even gotten started on the oscillators. The stock just broke above its 20-day moving average (ā©1,582,700), which is the first bullish signal in weeks.
š” The Turnaround Case:
SK Hynix is the world's #2 memory maker and the undisputed leader in HBM (High Bandwidth Memory) for AI chips. When AI capex accelerates, Hynix benefits directly. The MACD histogram is compressing toward zero ā a bullish crossover could be imminent.
š Key Levels:
Support: ā©1,500,000 (recent low + psychological)
Resistance: ā©2,016,520 (SMA50) ā ā©2,628,000
RSI: 49.9 (neutral ā massive room to run)
A 12.7% daily move with neutral RSI is rare. It usually means the move has legs. But the bearish MACD hasn't flipped yet ā watch for that confirmation signal.
Is this the bottom for semiconductors, or a dead cat bounce? š
#SKHynix #Semiconductors #AI
ā ļø This is not financial advice. Always DYOR and manage your risk. Past performance does not guarantee future results.