DRAM

DRAM remains in a Stage 4 decline with a clear lower-high/lower-low sequence and declining EMAs acting as resistance. Although RSI is oversold and a minor relief bounce has emerged, price remains well below the 9/21/50 EMAs without reclaiming structure. Medium-term bias is bearish, but short-term timing favors waiting for any rally into falling EMA zones before selling.

• ↑AI-driven HBM demand creates supply-constrained market boost
• ↑ETF amassed $20B in 54 days, signaling strong investor interest
• ↓Historical cyclicality drives inventory swings and margin pressure