SK Hynix trapped in cloud resistance bear flag: Live levels

SK Hynix faces resistance in the cloud market, as indicated by a bear flag pattern at KRW 1,423,000. The primary risk is a bearish rejection at the SMA(50) and Ichimoku cloud resistance, which could lead to a resumption of the macro downtrend. Market structure shows bullish momentum with MACD crossover and a bullish SuperTrend, but medium-term downtrend intact with price below SMA(50).

Short-term support is established at SMA(20), while medium-term resistance lies at SMA(50). The price is currently trapped between SMA(20) support and SMA(50) resistance, forming a bear flag consolidation pattern. Key levels include 38.2% Fibonacci retracement at KRW 1,463,466 and a Doji candlestick at KRW 1,423,000. Trading strategies involve aggressive and conservative entries with varying stop and target prices, depending on the market outlook.