Bounced from 1384 to 1476! $SKHYNIX Hynix finally caught a breath. MIG: Don't get too excited yet.



Brothers, SK Hynix finally showed some good face today—bouncing from 1384 to 1476, up nearly 100 points. Those who bought the dip yesterday probably breathed a sigh of relief, but MIG has to be honest: after this breather, it's still uncertain where it will go next.

First, let's look at the technicals. On the daily timeframe, MA7 (1455) and MA25 (1442) have been reclaimed, which is a signal of short-term strength. But MA99 (1551) is still pressing overhead, more than 70 points away. The price is moving between the moving averages, with resistance above and support below—a typical "sandwich" pattern. On the 4-hour chart, the bounce from 1384 to 1476 saw increased volume, and the MACD shows signs of a golden cross, giving the bulls a slight edge in the short term. However, today's high was 1489 before pulling back, indicating selling pressure around 1500.

On the news front, UBS recommends buying SK Hynix ADR and selling Korean stocks for arbitrage, which is good for SK Hynix in the medium to long term, but short-term capital may be diverted due to arbitrage operations. The escalating situation in the Middle East is also suppressing risk appetite, and the overall sentiment in the semiconductor sector has not fully recovered.

MIG's suggestion: short-term look for a rebound, medium-term wait for direction.

For longs, wait for a pullback to the 1450-1460 range and establish long positions after stabilization. For shorts, enter short positions in the 1510-1520 range during the rebound.

Brothers, after such a long decline, a bounce is normal, but don't call it a reversal just because of a bounce. Whether 1384 is the bottom depends on whether it can hold above 1500. For now, treat it as a rebound, don't be greedy, and exit when the target is reached.

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