{"schema_version":"1.0","name":"0361 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"313b8154-267b-45d5-b864-dc03a59916f8","symbol":"0361","name":"Pan Merchant Berhad","exchange":"KLS","country":"MY","asset_type":"equity","currency":"MYR","sector":"Industrials","industry":"Specialty Industrial Machinery"},"summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price has not yet established a clear direction.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Activity pressure and cumulative balance, Range pressure and compression, Strength versus the research benchmark, Drawdown and recovery pressure, Directional strength and control."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":61,"displayedObservations":61,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms it.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.162341,-0.306749,-0.377321,-0.421872,-0.452358,-0.39029,-0.345901,-0.246853,-0.154952,-0.099636,0.010882,0.100982,0.209821,0.45945,0.598587,0.579157,0.700135,0.671873,0.764807,0.86908,0.841727,0.659637,0.494884,0.182581,-0.063708,-0.197757,-0.341064,-0.399961,-0.403804,-0.357243,-0.399486,-0.320937,-0.326813],"opens":[0.222907,0.217953,0.208047,0.203093,0.208047,0.203093,0.222907,0.217953,0.213,0.19814,0.208047,0.203093,0.208047,0.208047,0.22,0.22,0.22,0.22,0.23,0.24,0.24,0.22,0.225,0.215,0.22,0.215,0.22,0.22,0.215,0.22,0.225,0.215,0.225],"highs":[0.222907,0.222907,0.217953,0.217953,0.222907,0.222907,0.222907,0.217953,0.217953,0.213,0.213,0.213,0.217953,0.225,0.22,0.22,0.22,0.23,0.255,0.265,0.24,0.22,0.225,0.225,0.22,0.215,0.22,0.22,0.22,0.225,0.23,0.225,0.225],"lows":[0.213,0.208047,0.203093,0.19814,0.203093,0.203093,0.203093,0.19814,0.19814,0.193186,0.203093,0.19814,0.19814,0.203093,0.21,0.21,0.22,0.22,0.21,0.23,0.225,0.21,0.22,0.215,0.215,0.215,0.22,0.22,0.215,0.215,0.215,0.21,0.22],"closes":[0.217953,0.208047,0.203093,0.217953,0.203093,0.203093,0.213,0.213,0.203093,0.213,0.213,0.213,0.208047,0.225,0.22,0.215,0.22,0.225,0.24,0.235,0.225,0.215,0.22,0.215,0.215,0.215,0.22,0.22,0.22,0.22,0.22,0.225,0.22],"hoverRows":[[{"label":"Open","value":"0.22","className":"is-ohlc","compact":true},{"label":"High","value":"0.22","className":"is-ohlc","compact":true},{"label":"Low","value":"0.21","className":"is-ohlc","compact":true},{"label":"Close","value":"0.22","className":"is-ohlc","compact":true},{"label":"Market 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Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 3.5% across 2 completed cases, with the largest move arriving after 3.0 weeks on average.","approach":"Avoid adding simply because price is rising. 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