Panic ebbing! $SKHYNIX 1490 recovery in progress!


Brothers, the Korean stock market is in panic for the third day, but the decline has significantly narrowed, and SK Hynix has rebounded to 1490.
News side:
After opening down nearly 2%, the Korean stock market quickly recovered, and panic sentiment is fading. Hynix's move from 1400 to 1489, a rebound of nearly 90 points, confirms our judgment that 'circuit breakers are the extreme of sentiment, not the end of logic.' The fundamentals haven't changed—Samsung's earnings are exploding, Hynix's ADR will list on Nasdaq on Friday, and the medium to long-term logic is sound.
Technical side:
It has now recovered to above the BOLL middle band at 1445.
Upper resistance: 1500-1503, breakthrough target 1550-1570.
Lower support: 1460-1470, strong support 1400.
Gongming's view:
After the panic selling, repair rally. There may be fluctuations around short-term resistance 1500, but the medium-term direction is still upward.
Trading strategy:
Conservative: wait for a pullback to around 1460-1470 to enter long.
Aggressive: enter long near the current price of 1490.
The panic is ebbing, and the real show is just beginning.
#Vitalik公布精简以太坊路线图 #Strategy上周减持3588枚BTC
SKHYNIX3.54%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned