Hyundai Motor — Bearish Setup | 380K First, 340K NextHyundai Motor CompanyKRX_DLY:005380asgharphulpotoHyundai Motor is developing a structured downside opportunity after remaining under selling pressure for an extended period. The broader price behaviour continues to reflect seller dominance, with the market repeatedly struggling to establish a sustained bullish recovery. However, the current setup is not calling for an immediate straight-line decline. The projected sequence allows for an upward retracement first, with 380,000 KRW identified as the next important upside level. Once that retracement develops, the larger bearish scenario comes back into focus, with 340,000 KRW mapped as the downside objective. 📈 First Phase — Retracement Toward 380K The first stage of the setup is a potential recovery from the current area toward 380,000 KRW. After a prolonged period of weakness, temporary upward movements can occur even within a broader bearish structure. This projected rise is therefore viewed as a retracement within the larger setup rather than a complete change in direction. Current area → Recovery phase → 380K The 380K region becomes an important point in the roadmap because it can provide the next opportunity for sellers to reassert control. 📉 Second Phase — Selling Toward 340K Once the upside retracement reaches the projected 380K area, the focus shifts back toward the downside. The larger technical picture remains bearish, with sellers having maintained influence across the preceding trend. If the upward reaction loses strength around the higher zone, another wave of selling could develop and push price toward the 340,000 KRW target. 380K → Selling resumes → Downside expansion → 340K This creates a clear two-step structure: upward retracement first, bearish continuation afterward. 🔻 Extended Selling Structure Hyundai Motor has already experienced a substantial decline from higher levels. Recent market data shows the stock closed at 365,000 KRW on September 18, 2026, compared with 400,500 KRW on September 1, illustrating the sharp weakness seen during September. The broader 52-week range currently extends from 212,000 KRW to 783,000 KRW, showing that the stock has experienced considerable volatility over the past year. The technical thesis here is therefore based on the continuation of an established bearish environment rather than a newly developing sell signal. 📊 Technical Perspective The key feature of the analysis is the sequence of movement. Price does not have to decline continuously for the bearish thesis to remain valid. A rebound toward 380K can occur while the larger structure remains vulnerable to renewed selling. The focus is on the reaction after that upward phase. If sellers continue to demonstrate strength, the recovery can become another stage within the larger downward cycle rather than the beginning of a sustained bullish trend. 🌐 Fundamental Context Hyundai's fundamental picture contains both supportive and challenging elements. In its second-quarter 2026 results, operating profit fell 21% year over year to KRW 2.9 trillion, while revenue increased 2% to KRW 49.2 trillion. The company maintained its full-year outlook despite the weaker quarterly profitability. Hyundai also reported August 2026 total vehicle sales of 288,574 units, down 14.2% year over year, with January–August total sales down 6.0% year over year. These figures provide broader context, but the 380K → 340K roadmap is a technical trading scenario, based primarily on price structure and directional behaviour. 🧭 Complete Roadmap Current bearish phase → Upward retracement → 380K → Sellers regain control → Further decline → 340K The important distinction is that the projected 380K move does not replace the bearish thesis. It represents the first leg of the mapped sequence. The larger objective remains the downside toward 340,000 KRW if the bearish structure continues to hold. 🔍 Setup Overview - Instrument: Hyundai Motor - Ticker: 005380 - Exchange: Korea Exchange - Current structure: Extended bearish phase - First projected move: Upward retracement toward 380K - Primary direction: Sell - Downside objective: 340K - Market character: Sellers remain influential - Technical focus: Structure, momentum, retracement and continuation - Scenario: 380K first → 340K afterward 🎯 Final View Hyundai Motor has been declining for an extended period, and sellers continue to hold significant influence over the broader structure. The projected path is therefore not simply sell from here. The roadmap is more precise: First, a move toward 380K. Then, if the bearish structure reasserts itself, a further decline toward 340K. The market can retrace upward without changing the larger picture — 380K is the first checkpoint, while 340K remains the downside destination. 📈➡️📉🎯