SK Hynix shares see sharp correction: Selling wave follows strong rally

Shares of South Korean semiconductor manufacturer SK Hynix experienced a decline of over 12% following a strong rally on the Nasdaq. This sharp drop was triggered by profit-taking among investors and rising uncertainties regarding ADR valuations. Analysts note that questions about the sustainability of demand for AI memory chips also contributed to the decline. Particularly, fluctuations in demand within the AI-focused memory chip segment have led investors to adopt a cautious approach. SK Hynix had recently recorded a strong rally driven by demand from AI and data centers. However, the subsequent selling wave has once again highlighted the fragility of the market. This is not investment advice.

📊 SKBNK — Piyasa Yorumu

▼ down · 65%

The news headline indicates that Şekerbank (SKBNK) shares experienced a strong rally followed by a wave of selling. This suggests that profit-taking may continue in the short term. Although the RSI stands at 60, the 9.8% gain in the last 24 hours points to an approach toward overbought territory. While the MACD remains positive, the negative sentiment created by the news and potential selling pressure could lead to a short-term decline. Despite the stock trading above its SMA20 and SMA50, which supports the medium-term trend, the risk of a short-term correction is high.

RSI 14

60.2

MACD

0.10

24h Δ

9.80%

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