SK Hynix double-bottom structure is starting to show! Moving averages are about to align bullishly—this level is worth trying a long!

Brothers, this sell-off-and-bounce in SK Hynix is kind of interesting. The main stock rebounded from 1160 to 1198, while the ADR moved from 152 back to 155. The bottom range has been consolidating for a full week, and the double-bottom structure is getting clearer. As long as it doesn’t break the previous low at 1129, this is a level worth trying!

$SKHY NIX ：
On the daily chart, MA25 and MA99 have already been reclaimed—this is the first signal that the medium-term is stabilizing. MA7 is still overhead, but the gap is only 2 points, so a breakout could happen at any time. On the 1-hour chart, price rebounded from 1160 to 1221 and then pulled back to 1198. After the MACD fast and slow lines stick together, they start dispersing upward; the red histogram keeps shrinking—bearish momentum is clearly running out. Below, 1185-1188 is the moving-average support zone, and it’s also the short-term bull-bear dividing line.

$SKHY ：
MA7 and MA99 are pressing down overhead, MA25 is supporting from below, and price is squeezed between the moving averages. On the 1-hour chart, after falling from 163.63 to 152.11, it bounced back to 155, syncing with the main stock’s move and building the bottom structure. Around 154 is short-term support, and 158-160 overhead is the resistance zone.

News backdrop:
Weekend news is relatively calm. The conflict in the Middle East is still ongoing, but there’s no sign of further escalation. After the storage sector’s aggressive deleveraging earlier, selling pressure has clearly eased, and capital has started cautiously buying back positions.

MiG long/short two-way trading plan:
（SKHYNIX）go long on a pullback and enter long around 1185 - 1190 near stabilization; short on a rebound into 1260 - 1280 near resistance, with high-position short entries; the aggressive traders can try a short around 1220-1230

（SKHY）enter long near stabilization on a pullback around 154 - 154.5; if a pause/rejection signal appears on the rebound at 158-160, lightly try a short

Personal view:
Brothers, Hynix fell from 1500 to 1130, dropping nearly 400 points; Korea’s leverage has also been reduced about the same. The double bottom at 1129 didn’t break, and MA25 and MA99 are starting to turn upward—these are all bottom characteristics. Going long from here, with a stop-loss at 1125, the loss is limited; but if it starts running up, the upside could be huge. Keep position size light, enter in batches, and leave the rest to the market.

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