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Chaython
Sep 2, 2021 3:04 AM

Buy the dip Long

SK HYNIXKRX

Description

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.
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