Buy 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.
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.