$SK hynix(SKHY)$ Trade idea: S

$SK hynix(SKHY)$ Trade idea: September 11th 180C. Trigger at 177, target at 188, stop at 174.

SKHY closed at 177.00, breaking out of the 166.19 balance with a strong Friday impulse. The stock spent about a month grinding higher lows into that level and finally resolved with range expansion. A break over 177 sets up a move into 188, with 194.80-200 as the bigger targets. Semis had a strong close to the week, and with this being a recent IPO, it has the most squeeze potential.

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