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bullish

SK Hynix

SK Hynix (000660-KR): Positive Technical Analysis Signals

226 Views30 Jul 2024 01:00
SUMMARY
  • Despite a negative share price reaction, following its 2Q2024 earnings report, SK Hynix (000660 KS) remains firmly amid an earnings upgrade cycle.
  • With SK Hynix entering oversold territory, near-term momentum indicators are displaying bullish signals.
  • SK Hynix trades at nearly one standard deviation below its 5-year historic average EV/EBITDA ratio and a discount to global peers.
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