{"schema_version":"1.0","name":"2408 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"2ba84817-3203-4ce6-9123-0fb08f0c24cf","symbol":"2408","name":"Guangzhou Xiao Noodles Catering Management Co., Ltd.","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Consumer Cyclical","industry":"Restaurants"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. 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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.","observations":[{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 0.4% across 1 completed cases, with the largest move arriving after 3.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[5.08,5.02,4.74,4.34,4.39,4.36,4.41,4.94,4.93,5.4,5.95,5.82,5.19,4.76,4.67,4.67,4.78,4.42,4.45,4.44,4.3,4.2383,4.06,4.1888,4.1393,4.06,4.3076,3.6936,3.5055,3.5055,3.0,3.55,3.75,3.4,3.26,3.23,3.15,3.65],"consensus":[-61.5385,9.0909,-87.8788,-58.0,-50.0528,-36.2571,-16.327,49.6134,18.5747,66.9747,75.8628,26.9362,-26.8533,-47.12,-32.9943,-30.3295,0.0,-50.4671,-22.6751,-18.1878,-35.1451,-21.3674,-49.2921,-9.7624,-27.4583,-25.4438,19.4495,-34.3792,-54.5799,-48.2801,-71.7301,0.0,13.7856,-46.2417,-27.5683,-23.6738,-39.3494,-36.8408],"supportDates":["2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,-31.519,-5.7356,42.586,9.7417,56.1,69.3218,12.464,-33.9344,-42.4232,-23.5477,-21.9357,0.0,-48.8943,-22.3416,-13.9953,-32.8266,-17.8402,-51.9482,-3.3976,-29.3405,-18.1959,23.2485,-25.179,-52.0973,-55.0482,-81.3648,0.0,17.2102,-57.2268,-39.8583,-18.3137,-38.9251,-41.4263],"force":[-61.5385,9.0909,-87.8788,-58.0,-10.4591,-16.5125,-4.3108,75.6211,9.211,89.3074,88.3645,7.779,-76.1303,-52.5241,-17.3226,-13.1891,0.0,-64.539,-4.9083,-2.3302,-25.1401,-4.4904,-45.5981,-19.1349,-13.9822,-20.5151,37.9524,-22.8866,-53.8998,-25.9418,-64.4573,0.0,29.3898,-44.5096,-18.1258,-4.6214,-27.7419,-58.8242],"direction":[null,null,null,null,-78.334,-55.7754,-43.1727,39.0678,35.358,63.4509,74.4085,68.2723,-16.4372,-48.6276,-54.9845,-52.1654,0.0,-42.2131,-35.7469,-34.3061,-44.9413,-37.4534,-48.895,-37.6774,-34.9331,-37.2475,1.8915,-53.1028,-57.9031,-56.501,-65.9139,0.0,1.274,-34.9245,-20.2672,-43.4084,-48.1255,-15.8979],"intensity":[null,null,null,null,25.0,60.0,16.6667,100.0,75.0,88.8889,100.0,63.6364,91.6667,100.0,57.1429,6.6667,18.75,58.8235,44.4444,26.3158,20.0,33.3333,36.3636,17.3913,4.1667,44.0,46.1538,96.2963,39.2857,10.3448,83.3333,87.0968,40.625,66.6667,67.6471,74.2857,55.5556,81.0811],"confirmation":[42.359,25.5758,50.7879,41.2267,59.5402,79.0727,28.3434,84.776,73.7931,90.2782,92.7568,54.775,36.1602,83.3147,78.2245,77.311,5.2631,84.6023,52.053,50.734,78.9769,51.7103,83.6204,6.4224,76.3473,76.1023,52.0632,78.7913,85.4827,82.6657,90.5852,30.9526,50.4399,82.5772,76.3468,52.41,80.2445,80.3892],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,50.0,25.0,25.0,0.0,25.0,25.0,25.0,25.0,0.0,12.5,37.5,62.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,75.0,75.0,75.0,75.0,75.0,62.5,37.5,37.5,62.5,62.5,62.5,37.5],"assessmentRisk":[null,null,null,null,24.9323,31.8321,39.8249,23.9533,39.2519,16.4425,12.0634,36.2244,45.0075,23.7813,33.4278,34.7,40.0941,12.4777,16.7698,19.9991,28.043,15.587,19.9196,36.596,18.1716,27.9943,37.0238,31.8688,22.4468,25.385,14.1341,23.3556,27.2558,6.3775,48.5134,27.4275,28.5964,13.2255],"volumeParticipation":true,"latest":{"consensus":-36.8,"control":-41.4,"force":-58.8,"direction":-15.9,"confirmation":80.4,"persistence":37.5,"assessmentRisk":13.2,"intensity":81.1,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-36.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-41.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-58.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-15.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"80/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"44.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"11.4%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"30.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"22%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[5.08,5.02,4.74,4.34,4.39,4.36,4.41,4.94,4.93,5.4,5.95,5.82,5.19,4.76,4.67,4.67,4.78,4.42,4.45,4.44,4.3,4.2383,4.06,4.1888,4.1393,4.06,4.3076,3.6936,3.5055,3.5055,3.0,3.55,3.75,3.4,3.26,3.23,3.15,3.65],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,4.7971,4.7176,4.6617,4.7123,4.7519,4.8697,5.0661,5.2032,5.2008,5.1207,5.0387,4.9717,4.9368,4.8429,4.7714,4.7112,4.6364,4.564,4.4724,4.4208,4.3696,4.3133,4.3123,4.1998,4.0736,3.9703,3.7939,3.7495,3.7496,3.6861,3.6086,3.5398,3.4689,3.5018],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.0667,5.044,5.0163,4.9907,4.9751,4.9339,4.8981,4.8642,4.8224,4.7791,4.7258,4.6861,4.6456,4.6022,4.5804,4.5147,4.4399,4.3707,4.2692,4.2159,4.1814,4.1235,4.0595,3.9981,3.9353,3.9141],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,5.4644,5.8268,6.0052,5.9905,5.9442,5.9021,5.8635,5.8294,5.8039,5.7771,5.7513,5.734,5.7197,5.7331,5.7392,5.7484,5.7612,5.7623,5.7756,5.7925,5.7135,5.5224,5.2347,5.0729,5.0079,4.9539,4.8819,4.769,4.6933],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,4.0576,3.9114,3.8914,3.9433,3.9601,3.9646,3.9703,3.9882,3.9594,3.9408,3.9247,3.864,3.8001,3.7187,3.6975,3.6632,3.6205,3.6091,3.4712,3.3119,3.2013,3.0975,3.1582,3.1759,3.105,3.0179,2.946,2.8959,2.8946],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-1.1811,-6.6929,-14.5669,-13.5827,-14.1732,-13.189,-2.7559,-2.9528,0.0,0.0,-2.1849,-12.7731,-20.0,-21.5126,-21.5126,-19.6639,-25.7143,-25.2101,-25.3782,-27.7311,-28.7683,-31.764,-29.6004,-30.4326,-31.764,-27.6033,-37.9219,-41.084,-41.084,-49.5798,-40.3361,-36.9748,-42.8571,-45.2101,-45.7143,-47.0588,-38.6555],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,13.8249,13.5945,24.424,37.0968,34.1014,19.5853,9.6774,7.6037,7.6037,10.1382,1.8433,2.5346,2.3041,0.0,0.0,0.0,3.1708,1.9512,0.0,6.0976,0.0,0.0,0.0,0.0,18.3333,25.0,13.3333,8.6667,7.6667,5.0,21.6667],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,40.7547,30.4021,71.8511,69.9155,19.1244,70.7299,31.9174,15.8158,25.3391,52.8456,69.7441,15.5856,49.6048,52.6859,66.3967,116.0525,97.0811,61.8491,451.152,25.2263,24.2577,134.2159,23.0945,35.5139,3.1076,8.5339,8.3684,8.6189,1.4981,5.418,17.75],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,77.0057,72.7908,82.45,91.5745,89.2496,80.8557,77.2564,75.5741,75.5741,80.7756,74.0308,75.4705,71.0067,67.89,65.0,65.0,69.0261,66.5086,65.0,65.7612,65.0606,65.0,65.0,65.0,65.068,65.2387,65.0777,65.0,65.0,65.0,65.2772],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,57.2519,56.4885,92.3664,93.617,86.7021,53.1915,30.3191,25.5319,25.5319,31.383,12.234,13.8298,13.2979,6.3492,9.7573,1.9326,8.6549,6.2508,8.5596,19.8222,8.7461,2.9965,2.9965,0.0,17.9153,24.43,13.0293,8.4691,7.4919,5.0,22.0339],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-10.1818,-10.3636,-1.8182,-1.9769,-4.1186,-14.4975,-21.5815,-23.0643,-23.0643,-21.2521,-27.1829,-26.6886,-26.8534,-29.1598,-30.1765,-33.113,-30.9922,-31.8079,-33.113,-29.0345,-39.1491,-42.2488,-42.2488,-50.5766,-41.5157,-38.2208,-43.9868,-46.2932,-46.7875,-47.5,-38.6555],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,17.8998,17.6611,28.8783,42.0048,38.9021,23.8663,13.6038,11.4558,11.4558,14.0811,5.4893,6.2053,5.9666,2.8708,4.902,0.9852,4.4444,3.2099,4.8593,11.2532,6.5714,2.3121,2.3121,0.0,18.3333,25.0,13.3333,8.6667,7.6667,5.0,21.6667],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,21.2826,23.0478,24.4552,25.7619,27.8274,28.6022,28.5758,29.0809,30.1438,31.1309,30.8387,30.4262],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,16.0175,15.3553,15.8534,15.0902,13.6524,12.9376,12.1544,11.5519,10.9891,10.5774,10.4516,10.1579,9.6644,12.7059,10.8703,11.1334,10.8309,9.8499,13.3935,16.3091,15.0805,13.3525,12.8099,17.3173,16.5176],"stroke":"#07865c","width":1.6},{"label":"Negative 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