$SKHYNIX Watch for a long bounce opportunity. Everyone is piling into shorts right now, and under this kind of sentiment, I actually think it’s worth taking the contrarian view. On the larger timeframe, the cycle still supports going long. The daily chart shows a clear reaction in the range of 1146.87 to 1148.27. The 15-minute RSI is already at 34, leaving room for longs to enter. Also, the 15-minute volume shows real buy orders stepping in, not just random noise. You can look for an entry opportunity in the 1146.87 to 1148.27 area. On the upside, you may see moves toward around 1152 to 1161. But don’t go in too aggressively—if it breaks below 1140.84, you’ll need to watch the risk.

SKHYNIX-0.40%
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