$SKHYNIX
๐จ๐จ Why did SK Hynix shares take a hammering? What actually happened?
โHere is the breakdown: a savage wave of foreign selling smashed the Korean market, clearing over 2 trillion won, alongside mounting fears of an "AI bubble" and Chinese firm CXMT making major headway in advanced DRAM tech (4Fยฒ architecture), with plans to drop DDR5 products by the end of 2026
This poses a proper threat to Korean chipmakers' market share. That pressure bled straight across into both Korean equities and US chip stocks
$SKHYNIX
โThe trend is dead bearish, with the price sitting below all moving averages alongside a negative MACD
โMost Likely Scenario (continuation down): A break below 1,095 opens the floodgates down to 1,070, then 1,040
โEntry: Short on a bounce up to 1,130โ1,150, or on the break of 1,095
โTargets: 1,070 \rightarrow 1,040 \rightarrow 1,000
โStop-Loss: Just above 1,165
โAny strong bounce over 1,170 could temporarily invalidate the setup. Keep a close eye on trading volume and the 1,095 level
$SKHYNIX
#SKHynixSharesDrop7.1%
๐จ๐จ Why did SK Hynix shares take a hammering? What actually happened?
โHere is the breakdown: a savage wave of foreign selling smashed the Korean market, clearing over 2 trillion won, alongside mounting fears of an "AI bubble" and Chinese firm CXMT making major headway in advanced DRAM tech (4Fยฒ architecture), with plans to drop DDR5 products by the end of 2026
This poses a proper threat to Korean chipmakers' market share. That pressure bled straight across into both Korean equities and US chip stocks
$SKHYNIX
โThe trend is dead bearish, with the price sitting below all moving averages alongside a negative MACD
โMost Likely Scenario (continuation down): A break below 1,095 opens the floodgates down to 1,070, then 1,040
โEntry: Short on a bounce up to 1,130โ1,150, or on the break of 1,095
โTargets: 1,070 \rightarrow 1,040 \rightarrow 1,000
โStop-Loss: Just above 1,165
โAny strong bounce over 1,170 could temporarily invalidate the setup. Keep a close eye on trading volume and the 1,095 level
$SKHYNIX
#SKHynixSharesDrop7.1%