#SKHynixSurgesOver5%

SK Hynix is moving again after Nvidia’s numbers landed and the whole Asian memory complex caught a bid. The stock opened more than 5 percent higher, Samsung followed with over 3 percent, and the KOSPI pushed nearly 3 percent toward the 7,000 area. That is the backdrop. The question now is whether the follow-through has legs or whether this is just a one-day relief bounce.
Looking at the 4-hour chart on Gate, price is currently around 1,255.48 after a mild 0.48 percent pullback from the morning strength. The 50-period MA sits lower at 1,220.25 and the 9-period MA is at 1,236.74. Bollinger Bands span from 1,156.83 on the lower side up to 1,275.47 on the upper side, with the middle band near 1,216.15. Price is trading in the upper half of that range but has already rejected the 1,274–1,275 zone once. There is a clear cluster of resistance between 1,262 and 1,275, and the chart shows multiple B annotations plus an EQ label right under that ceiling, with a teal arrow pointing lower from the recent high.
On the 1-hour timeframe the picture is similar but tighter. Price sits near 1,254.74, the 9-period MA is at 1,258.44, and the 50-period MA is at 1,230.79. The upper Bollinger Band reaches 1,288.36 while the lower sits at 1,200.50. Again the same resistance band around 1,262–1,274 is visible, and the earlier sell-side structure (S and multiple B labels) remains intact below the recent swing high.
RSI on both timeframes is hovering in the mid-50s — 55.99 on the 4-hour and 55.41 on the 1-hour — so there is still room in either direction without being stretched. MACD on the 4-hour is positive but flattening, while the 1-hour version has turned slightly mixed.
Bullish case is straightforward. If buyers can reclaim and hold above 1,262–1,275 with expanding volume, the next logical magnet becomes the 1,288 area and potentially a fresh extension beyond the recent highs. Continued strength in Nvidia-related names and any fresh confirmation of memory demand would support that path. In that scenario the 1,236–1,220 zone becomes the first area to defend on any pullback.
Bearish case is equally clean. Failure to break the 1,275 ceiling, especially if price slips back under the 1,236–1,220 MA cluster, opens the door toward 1,200.50 and the lower Bollinger Band near 1,156. The earlier distribution structure marked on the chart already showed sellers defending those higher levels, so a second rejection would not be surprising. A daily close under 1,200 would shift the short-term bias more decisively lower.
I am treating 1,262 as the immediate pivot. Holding above it keeps the post-earnings momentum alive. Losing it on rising volume would suggest the initial spike is being sold. Position size stays modest until one of those levels resolves cleanly. The memory rally has real fundamental fuel right now, but the chart is still digesting the first reaction.
How are you reading the same levels? Are you adding on strength above 1,262 or waiting for a deeper retest? Drop your view.
‍#SKHynix #SemiconductorRally
@Gate_Square