Deep V reversal! $SKHYNIX violent rebound after the crash!

Brothers, SK Hynix pulled off a “Deep V” massive reversal today—down more than 8% at one point, then violently surged, and ultimately closed up 3.6%.

News:

Why did it collapse yesterday? A Korean brokerage report predicted that Hynix’s Q2 operating profit would be 8% lower than market consensus. HBM is locked in at prices under long-term supply agreements, so its growth rate is slower than that of traditional chips. Combined with the “sell the listing” effect from ADRs and aggressive rebalancing by leveraged ETFs, it triggered a stampede—Korean stocks plunged 15%, setting the largest single-day decline in history.

Why did it bounce today? KIS stressed that the downgrade only reflects a contract price adjustment, not a deterioration in fundamentals. It kept a future target price of 4.2 million KRW for assets, arguing that the pullback is a good time to add positions. Korea’s export data was strong; the Korean government will prioritize support for the “three major super projects,” including chips and AI data centers. Korean stocks flipped from down 5% to up directly.

Technicals:

After the sharp sell-off, the market is quickly repairing; the RSI has rebounded from the extremely oversold zone to 63.87.

Resistance: 1300-1350; if it breaks out, look at 1400-1450.

Support: 1250-1260; if it loses that level, watch 1200-1220.

Public opinion:

The sell-off was driven by leveraged liquidation + expectation corrections, not a fundamentals collapse. With strong Korean export data + government AI strategy support, the medium-term logic still holds. But volatility is severe—position control comes first.

Trading strategy:

Conservative: wait for a pullback to around 1250-1260 to go long.
Aggressive: enter long around the current price of 1280.

The hole dug by panic selling is often a way of paying the clear-headed. #Gate现货增速全球第一 #特朗普呼吁尽快通过Clarity法案