The gap at 1,460,000 for SK Hynix has been filled. Next targets are the EMA 200 at 1,340,000 and the SMA at 1,170,000. These two levels are highly likely to act as support for a rebound. RSI is currently at 33, just a bit away from the oversold level of 30. In my previous post, I mentioned SK Hynix's typical pattern: drop for 3 days, consolidate for 7-10 days, then drop for another 3 days, with the third day often accompanied by high volume and a long lower shadow. The volume in the past two days has been significant. Let’s see if this week brings a massive volume spike for a final capitulation, followed by a long lower shadow as a short-term bottom signal. Based on timing, the downtrend line, RSI, and moving average support, it’s pretty clear that a phase bottom will likely form this week. Downtrend lines are meant to be broken (this trendline has already been touched 6 times—the more touches, the weaker the resistance). Uptrend lines, on the other hand, are meant to be broken downward.