🇰🇷 SK Hynix just broke above its 20-day MA with a +3.26% move. The world's #2 memory chip maker is waking up.
📊 Technical Snapshot:
₩1,645,000 (+3.26%) | RSI: 47.2 | Uptrend
Breaking above the 20-day MA (₩1,611,550) is significant — first time in weeks. RSI at 47.2 = neutral with PLENTY of room. Volume declining (0.71x) suggests accumulation phase.
🧠 Why SK Hynix Matters:
• Second-largest memory chip maker globally
• HBM chips are essential for NVIDIA/AMD AI accelerators
• Still -43.6% from 3-month high = deeply discounted vs. highs
• Memory pricing cycle turning positive
• AI infrastructure build-out = sustained demand tailwind
📍 Key Levels:
🟢 Support: ₩1,504,000 (recent low)
🔴 Resistance: ₩2,628,000 (50-day MA — major overhead)
📊 Watch: Needs to hold above 20-day MA for bullish confirmation
💭 Memory stocks are cyclical. Is this the start of a new upcycle or just an oversold bounce? 🤔
#SKHynix #Memory #Stocks
📌 Not financial advice. Korean market stocks carry currency risk. Always DYOR.
📊 Technical Snapshot:
₩1,645,000 (+3.26%) | RSI: 47.2 | Uptrend
Breaking above the 20-day MA (₩1,611,550) is significant — first time in weeks. RSI at 47.2 = neutral with PLENTY of room. Volume declining (0.71x) suggests accumulation phase.
🧠 Why SK Hynix Matters:
• Second-largest memory chip maker globally
• HBM chips are essential for NVIDIA/AMD AI accelerators
• Still -43.6% from 3-month high = deeply discounted vs. highs
• Memory pricing cycle turning positive
• AI infrastructure build-out = sustained demand tailwind
📍 Key Levels:
🟢 Support: ₩1,504,000 (recent low)
🔴 Resistance: ₩2,628,000 (50-day MA — major overhead)
📊 Watch: Needs to hold above 20-day MA for bullish confirmation
💭 Memory stocks are cyclical. Is this the start of a new upcycle or just an oversold bounce? 🤔
#SKHynix #Memory #Stocks
📌 Not financial advice. Korean market stocks carry currency risk. Always DYOR.