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SK Hynix neutral in no-trade zone, awaiting breakout: Live

By Investing.com2 min readInvesting.com
SK Hynix neutral in no-trade zone, awaiting breakout: LiveSK Hynix neutral in no-trade zone, awaiting breakout: Live

SK Hynix neutral in no-trade zone, awaiting breakout: Live

Latest update: Oct 26, 2026, 01:05 AM UTC

Part 1: Risk Diagnosis

Executive Risk Summary

Executive Risk Summary: Primary risk is trend continuation downward following a severe -39% drawdown from highs. Danger levels are a break below KRW 1,172,000 (resuming the macro downtrend) or a bull trap at KRW 1,381,000 (SuperTrend resistance).

Market Structure

  • Bulls: MACD: -89657 > -107682 @ KRW 1,284,000 → Bullish momentum crossover.
  • Bulls: Price > Tenkan (1,250,500) @ KRW 1,284,000 → Short-term baseline reclaimed.
  • Bulls: RSI: 38.94 @ KRW 1,284,000 → Recovering from deep oversold territory.
  • Bears: ADX: 39.91 (NDI > PDI) @ KRW 1,284,000 → Strong bearish trend dominance.
  • Bears: Price vs Ichimoku: 1,284,000 < 1,358,000-1,553,500 → Price firmly below bearish cloud.
  • Bears: SMA Multiple: Price < SMA20 < SMA50 < SMA200 → Full bearish moving average alignment.
  • Invalidations: Bull @ KRW 1,381,485, Bear @ KRW 1,172,000.

Patterns & Levels

  • Chart patterns: Potential Double Bottom @ KRW 1,172,000 [50% complete]
  • Fibonacci: Retracements of 1,935,000-1,172,000 drop: 38.2% @ KRW 1,463,466, 50% @ KRW 1,553,500.
  • Candlestick: Hammer @ KRW 1,172,000 (Oct 22) → Bullish rejection of lows.
  • Trendlines: Support KRW 1,172,000 [2 touches], Resistance KRW 1,381,000 [SuperTrend dynamic].

Risk Metrics

  • ATR: 57,373 (4.47%)
  • Extension: -18.7% from SMA(50)
  • Divergences: Bullish divergence on MACD histogram (higher lows vs price lower lows).
  • Volume: Declining @ KRW 1,284,000 consolidation.

Zones

  • Long: KRW 1,172,000-1,220,000 (Recent swing low, lower Bollinger Band)
  • Short: KRW 1,381,000-1,425,000 (SuperTrend resistance, upper Bollinger Band)
  • No-Trade: KRW 1,250,000-1,350,000 (Choppy range bound by SMA20 and VWAP)

Part 2: Scenario Playbook

BULLBEAR
RiskCatching a falling knife against a dominant ADX=39.9 downtrend.Mean reversion rally squeezing early shorts.
Entry AggressiveKRW 1,284,000 on MACD bullish crossover.KRW 1,291,000 on VWAP/SMA20 rejection.
Entry ConservativeKRW 1,385,000 after 5h close above SuperTrend.KRW 1,380,000 after rejection at SuperTrend resistance.
StopKRW 1,170,000 (Below recent swing low).KRW 1,465,000 (Above Kijun and 38.2% Fib).
Target 1KRW 1,553,000 (Risk:Reward=2.36) [50% Fib retracement / Senkou B]KRW 1,172,000 (Risk:Reward=2.44) [Recent swing low]
Target 2KRW 1,643,000 (Risk:Reward=3.15) [61.8% Fib retracement]KRW 1,100,000 (Risk:Reward=3.29) [Psychological support]
Target 3KRW 1,771,000 (Risk:Reward=4.27) [Previous structural resistance]KRW 1,000,000 (Risk:Reward=4.47) [Macro support]
ConfidenceLowMedium
ManagementTarget 1→breakeven, Target 2→trail SMA20, Stop→reenter @ KRW 1,385,000 breakout.Target 1→breakeven, Target 2→trail SuperTrend, Stop→reenter @ KRW 1,560,000.
MonitorSuperTrend resistance at KRW 1,381,485.ADX momentum and MACD histogram rollover.

Part 3: Dashboard

Pattern Status: Double Bottom [Active, 50% complete]

Fib Confluence: 38.2% retracement & Kijun @ KRW 1,463,000-1,465,000

Candlestick Alert: Hammer @ KRW 1,172,000 (Oct 22)

Optimal Now: Neutral @ No-Trade zone because price is pinned at SMA20/VWAP awaiting directional breakout.

Preservation Alert: Bull trap @ KRW 1,381,000 (SuperTrend resistance).

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