SK Hynix’s shares have retreated from the 200-day moving average, leaving the stock at ₩1,741,000 on the five-hour chart and ₩1,753,000 in real-time trading, up 1.33% on Aug. 21. The advance follows a completed V-bottom pattern and a bullish engulfing candle on Aug. 19, yet the advance has stalled just below the 200-day simple moving average at approximately ₩1,861,438.
Technical resistance coincides with the 38.2% Fibonacci retracement level near ₩1,911,298, creating a zone that traders are treating as bull-trap territory. The Average True Range stands at ₩82,948, or 4.75%, reflecting elevated intraday volatility.
Support is clustered between ₩1,610,500 and ₩1,657,400, aligning with the Ichimoku cloud top and the 23.6% Fibonacci retracement. The area between ₩1,700,000 and ₩1,800,000 remains a no-trade zone, with price action oscillating within this band.
Trading strategies outlined by market participants include aggressive bearish entries near ₩1,861,000 with stops at ₩1,985,000 and targets down to ₩1,247,000, while aggressive bullish positions are being initiated near ₩1,657,000 with stops at ₩1,523,000 and upside targets extending to ₩2,116,000. Conservative approaches require a decisive close above or below key levels before committing to directional bets.
