bullish
SK Hynix (000660-KR): Positive Technical Analysis Signals
206 Views30 Jul 2024 09:00
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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