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TWO · Equity · completed-week research

8403 Technicals

ShareHope Medicine Co., Ltd.

Healthcare Medical Distribution

Week ending14 August 2026
+1.9%
Open
19.00
High
19.45
Low
19.00
Close
19.20 TWD
Price-technical state Aligned downward Price structure only · 260 completed observations · through 2026-08-14
Price structureAligned downwardcompleted-week alignment
Momentum31.0Negative
Risk pressure2.9%Normal
Trend quality50.1Directional

Market Dynamics

What is happening beneath the price?

Price shows the result. Market Dynamics shows whether the underlying support is strengthening or weakening.

Market Dynamics Report
Countertrend conflict

Improving Market Dynamics is challenging the downward price structure

Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.

What it means

This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.

Current tape relationshipAccumulation repair watch

Market Dynamics improved this week but remains below zero.

Price locationAccumulation zone

Price is being tested for a confirmed recovery through the lower zone.

Latest positioning markerNone in view

Entering the lower zone alone does not create a positioning confirmation.

Market Dynamics confirmationRepairing

Underlying support has strengthened across the recent completed path.

Chart readingPrice is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.

Weekly close Supportive Market Dynamics Cautious Market Dynamics Accumulation zone Distribution zone Positioning recovery Distribution rollover Price / pressure gap

What it means for 8403

The current reading in four steps

The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.

1
NowStronger this week

Market Dynamics improved this week but remains below zero.

2
Recent directionStrengthened over four weeks

Underlying support has strengthened across the recent completed path.

3
Price responsePrice remains in a downward structure

Improving Market Dynamics has not yet produced a positive price response.

4
Previous casesRecord building
What strengthens this viewThis is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.What would change itReassess the reading when either price structure or the Market Dynamics state changes materially.

What happened before

How this ticker behaved in similar conditions

Zone visits are counted once and followed through completed weekly closes. Open cases remain separate.

Price relationship Meaningful relationship
Same-week correlation
0.30
Direction agreed
49.8%
Completed comparisons
249
After accumulation3 distinct visits
4 weeks0.0% higher3 outcomes 12 weeksRecord building0 outcomes 26 weeksRecord building0 outcomes

Average time before leaving the zone: 2.0 weeks.

After distribution7 distinct visits
4 weeks100.0% lower7 outcomes 12 weeks100.0% lower7 outcomes 26 weeks71.4% lower7 outcomes

Average time before leaving the zone: 1.4 weeks.

When the two readings agreed or differed

What usually happened next

These cases compare price direction with Market Dynamics and show how large disagreements were resolved.

Price higher · Market Dynamics positive 47.6% were higher

Average 12-week move: 0.9% from 21 completed cases.

Price lower · Market Dynamics negative 57.9% were lower

Average 12-week move: -0.7% from 19 completed cases.

Price higher · Market Dynamics cautious Average pullback 4.3%

83.3% were lower after 12 weeks. The deepest pullback arrived after 7.2 weeks on average.

Price cautious · Market Dynamics positive Average recovery 8.5%

42.9% were higher after 12 weeks. The strongest recovery arrived after 5.5 weeks on average.

How to use the reading

Strategy observations from this ticker's own record

The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.

Disagreement playbook
Use improving Market Dynamics to prepare, not anticipate

Comparable disagreements produced an average recovery of 8.5% across 21 completed cases, with the largest move arriving after 5.5 weeks on average.

ApproachDefine the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.

Review the case whenThe early repair fails if Market Dynamics fades before price responds.

Historical outcomes describe this ticker's completed record. They do not make the next move certain and are not trading instructions.

Adaptive evidence set

The charts that matter to this tape now

This is not a fixed indicator wall. The price anchor is retained for context; the remaining panels are selected dynamically according to the conditions visible in this ticker.

104 observations displayed
6 views selected
Price structureAligned downwardcompleted-week alignment
Momentum31.0Negative
Risk pressure2.9%Normal
Trend quality50.1Directional
Range position8%location inside observed range
Adaptive set6 viewsselected for the current tape

Price architecture

Trend, acceptance and volatility envelope

Price is shown against fast and slow trend references with its current volatility envelope.

Why this view is active

Selected as the anchor because price and its trend references are aligned downward.

Relative leadership

Strength versus the research benchmark

Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.

Why this view is active

Selected because benchmark-relative leadership is strengthening, fading or diverging from price.

Path risk

Drawdown and recovery pressure

Capital impairment and recovery are shown together so return is not separated from path difficulty.

Why this view is active

Selected because the current recovery or drawdown path is central to the tape.

Trend quality

Directional strength and control

Directional pressure shows which side controls the tape while strength remains direction-neutral.

Why this view is active

Selected because directional control or trend strength is materially changing.

Acceptance map

Range position and boundary pressure

Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.

Why this view is active

Selected because price is testing an observed boundary or moving rapidly through its recent range.

Risk geometry

Range pressure and compression

Movement pressure and envelope width show whether risk is expanding, settling or compressed.

Why this view is active

Selected because current variability is unusually compressed or expanded versus this ticker's own tape.

Sharemaestro tape intelligence

What the gauges support now

One assessment resolves price structure and Market Dynamics. The supporting views show the control, force, direction and confidence behind it.

100/100 evidence depth
observed participation included
Joint downward confirmation The gauges support the downward market view

Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.

SM Consensus Gauge-1.5

Joint downward confirmation

SM Control Gauge-3.8

Control support is limited

SM Force Gauge-32.6

Downward commitment

SM Direction Gauge-23.4

Downward follow-through

SM Confirmation Gauge14/100

Limited support

SM consensus path · Market Dynamics display window

SM Consensus Gauge against price

The bars show the direction and strength of the resolved assessment. Completed price is retained as context.

Latest -1.5
Joint downward confirmation
Supportive consensus Cautious consensus Weekly close Neutral

Control

SM Control Gauge

Shows whether buyer or seller control supports the current assessment and whether that support is strengthening or easing.

Current controlControl support is limitedRecent pathControl support is easingLatest 12 months
Buyer controlSeller controlBalanced

Commitment

SM Force Gauge

Shows the strength of market commitment behind the current assessment.

Current forceDownward commitmentRecent pathCommitment is strengtheningLatest 12 months
Positive forceNegative forceActivity intensity

Direction and follow-through

SM Direction Gauge

Shows the directional follow-through behind the current assessment and whether it is established or still developing.

Current directionDownward follow-throughFollow-throughEstablishedLatest 12 months
Advancing directionDeclining directionFollow-through

Assessment strength

SM Confirmation Gauge

Shows how firmly the current assessment is supported. Greater assessment risk reduces the weight of the conclusion.

ConfirmationLimited supportAssessment riskContainedLatest 12 months
SM Confirmation GaugeAssessment risk
Interpretation boundary

These charts describe completed market observations and can lag or reverse. The SM gauges provide one confirmation layer; differences in the underlying evidence reduce confirmation rather than create another competing view. Market Dynamics is proprietary Sharemaestro output: this page presents only its published values and plain-language context. Its construction and inputs remain private.

Evidence context