HYNSE trade ideas
000660 (SK Hynix)SK Hynix Inc. is a South Korean supplier of dynamic random-access memory chips and flash memory chips. Hynix is the world's second-largest memory chipmaker and the world's sixth-largest semiconductor company.
Possible lift-off.
Bias: Buy/Long
Buy the dipBuy the dip on SK Hynix, a South Korean Semi Conductor Fab.
I think we have strong support from the underlying fib, and looking at TSMC for comparison, it seems SK Hynix is oversold.
On the MACD indicator, we're seeing a shadow, recovering from a sell off, seeing a shadow is often a chance, that it's the end of the directional momentum.
On Q2 earnings SK was just above estimates.
On the weekly candles this is currently a green week. Heikenashi is not yet green, but a revering +. Indicating now is the time to buy if you're bullish.
Double topsWill be formed
Amen
There are so many reasons to buy this stock
1. Currently at the bottom channel of the long term Uptrend
2. Currently at the mean of the weekly trend
3. Good Weekly + monthly RSI
4. Runaway inflation
5. Strong demand of Server RAMs
Double tops formed even when Covid19 outbrokeSo will semiconductors... unless taper tantrum happens..
000660 (KRX) - Continue Bullish Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
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000660 (KRX) - Continue Bullish
Artistic look"The breakdown candle was repeated twice supported by high Volumes
Any closing above this resistance by a candle will postpone the collapse scenario
SK HYNIX Next Week !I Advais You to Keep It In The Portfolio
Because The Big Traders Decide To Buy It
SK HYNIX Will Rise Next Week
The Target Is 85 000 KRW
STOOP LOSS IS 70 000 KRW
no buy now or sell , wait the next week
If you cross the Green Line, I advise you to buy or double your investment
If it go out on the box down, I advise you to sell
