Yesterday, storage finally saw a decent rebound—especially SK hynix, letting everyone witness the strength of the storage king, and giving all storage “warriors” a much-needed morale boost💪

However, besides SK hynix, although other storage names are up, their trading volume has fallen—so this can only be seen as base-building, not a full reversal. It’s just a bounce after a too-steep drop. The market is already afraid of further declines, and healing wounds takes time. There’s a huge amount of trapped capital in storage; most of it comes from blind dip-buyers, retail traders without conviction, which means heavy sell pressure. Any rally will be extremely tortuous, requiring patience.
Watch TSMC’s earnings report on Thursday—this will be a great ignition signal. Next come the big-tech earnings reports. If it can get past this hurdle, the path ahead will be smooth and open.
Buy the dip, hold long term, Discord in profile.