#SK Hynix #000660# On June 20, it issued a top-confirmation warning; on July 1, it said, “Today is the day when it will be decided.” Sure enough, it has been decided—June 25 was confirmed as the peak. Now, SK Hynix is experiencing its largest drawdown in history. It’s looking for a bottom. Figure 2 shares possible support levels. SK Hynix’s decline is a very good deleveraging move—cut those overly leveraged positions, shake off those pests. Only then can SK Hynix set off again lightly equipped.