SK hynix and Kospi technical analysis

The intermediate bottom for SK hynix has formed. Yesterday, it made a false break below the May 20 low with heavy volume, then recovered and closed higher with a long lower wick, and a huge volume increase—showing that institutional capital is buying the dip. The downtrend line was broken down six times; on the sixth time it made a false breakout and fell back, and then on the seventh time it truly broke through. The breakout’s maximum upside is at the convergence of three resistance levels: the pullback to the trend line, the M-head-and-shoulders neckline above, and the gap at 2,560,000. After that, it will likely meet resistance again and pull back. MU and SNDK are similar.

The Kospi’s lowest point of 6,450 has basically returned to the high point from March 2026. The 6,450 gap has also been filled, and it made a move consistent with a false breakdown and recovery. Pulling back to the black trend line and rebounding: the rebound limit is around 8,050, so in the 7,700–8,050 range you should reduce positions.