SK Hynix and Kospi Technical Analysis SK Hynix has reached a short-term bottom. Yesterday, it made a false breakdown below the May 20 low but quickly recovered with heavy volume, forming a long lower shadow. The massive volume indicates institutional funds are bottom-fishing. The downtrend line was tested six times, with a false breakout on the sixth attempt, but the seventh attempt resulted in a true breakout. The extreme breakout level is at the retest of the trendline, the neckline of the M-top above, and the gap resistance at 2,560,000. It will likely face resistance and pull back again at this confluence of three pressure levels. The same logic applies to MAmericaNDK. Kospi hit a low of 6,450, which is essentially back to the March 2026 high. The gap at 6,450 has also been filled, followed by a false breakdown and recovery. The rebound from the retest of the black trendline has an upper limit target of 8,050. Between 7,700 and 8,050, it’s time to reduce positions.