$Micron Tech(MU.US)$Roundhill Memory ETF(DRAM.US)$Sandisk(SNDK.US)

Besides SanDisk, which is still a bit short, the other two have hit the trendline that has been maintained for three months. The basis for the short position includes Apple's price increase, expansion of production in the three seas, DRAM lawsuits, supply from Changxin, and the slowdown in OpenAI's IPO.

Even after exhausting the short-selling ammunition, it only managed to hit the trendline without breaking below it. The short-term move likely ends here.

However, it's not that easy to move back up from this level. The long side needs to accumulate strength, and I will also defend at this trendline. The only thing to be wary of is a break below the trendline, as defeated long positions, like humans infected by zombies, will directly turn against you.

I think the probability of a breakdown at this level is only 20%. By next month, institutions will reposition, and after looking around, the buys still have to be in storage and semiconductor equipment.

The long side's ammunition depot also includes the listing of SK Hynix ADR, the stock splits of Micron and SanDisk, large-scale share repurchases and dividends, Trump's calls, increased VRAM demand from new models, and the slowdown in production expansion due to issues like energy equipment.