SK Hynix shares are testing resistance at the Ichimoku cloud and the 50-period simple moving average (SMA 50), according to a live technical update from Investing.com dated November 3, 2026, 05:01 AM UTC. The update says a double bottom at KRW 1,172,000 is active and 100% complete.
The report names a 5-hour close below the SuperTrend support at KRW 1,344,276 as the danger level. It identifies rejection at the cloud and SMA 50 as the primary risk, which could resume the macro downtrend.
The report also cites a bearish engulfing candlestick pattern at KRW 1,584,000 and a 23.6% Fibonacci retracement at KRW 1,352,000 that aligns with the SuperTrend. It flags a possible bull trap at KRW 1,476,840, the SMA 50 level. It rates the current zone of KRW 1,380,000 to 1,430,000 as neutral, because price sits between SMA 20 support and cloud resistance.