---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/42640303.md"
description: "$XL2CSOPHYNIX(07709.HK) has broken below its support level. If it doesn't recover by the close today, the underlying stock could fall another 30+% (if Lee Jae-myung doesn't intervene to support the market). Don't rush to catch the falling knife on the left side. Wait until the earnings report is out and the stock price reacts before deciding whether to buy in."
datetime: "2026-07-14T03:24:02.000Z"
locales:
  - [en](https://longbridge.com/en/topics/42640303.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/42640303.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/42640303.md)
author: "[Licht](https://longbridge.com/en/profiles/10620743.md)"
---

# $XL2CSOPHYNIX(07709.HK) has broken below its suppo…


### Related Stocks

- [07709.HK](https://longbridge.com/en/quote/07709.HK.md)

## Comments (2)

- **Licht · 2026-07-14T05:20:22.000Z**: The fundamentals of storage haven't changed, and the price has recovered. This is one of the bottom signals.
- **Licht · 2026-07-14T03:30:30.000Z**: Don't fantasize about catching the absolute bottom; instead, recognize when the bottom is in sight. After such a steep decline, there needs to be at least a process of repair and consolidation to form a base.