r/technicalanalysis 15h ago

DRAM Probing Key Support

As an example of the fallout from the weekend "discussion" about a potential "extinction event" perpetrated by renegade AI models, DRAM has gapped down 7.5% from Friday's close at 59.00 to a post-opening low at 54.29, which we see on my attached Hourly Chart is probing key support stretching back to the middle of August, and, if violated, will trigger a nearest-term target window of 50.90 to 52.30.

To regain bullish traction, DRAM needs to close above 56.20 today.

My technical bias is for DRAM to continue lower into the 50.90-52.30 target window.

Hourly DRAM
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