{"schema_version":"1.0","name":"0047A0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ac8717d8-11bf-4540-bdcf-65f3cc2aff30","symbol":"0047A0","name":"Mirae Asset Global Investments - Mirae Asset Tiger China Tech Top 10 ETF","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Acceleration, deceleration and rollover, Strength versus the research benchmark, Activity pressure and cumulative balance, Range pressure and compression, Drawdown and recovery pressure."},{"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":67,"displayedObservations":67,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2025-11-28","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"],"values":[-0.241917,-0.400168,-0.613626,-0.738242,-0.836221,-0.924939,-0.972877,-0.864545,-0.753851,-0.76062,-0.807529,-1.028144,-1.277843,-1.363921,-1.463482,-1.458315,-1.339889,-1.274818,-1.211667,-0.810531,-0.29084,0.189378,0.749646,0.993053,1.059007,1.137777,1.119684,1.053166,0.903499,0.786444,0.623919,0.411014,0.282846,0.059107,-0.135499,-0.350493,-0.583554,-0.759244,-0.851544],"opens":[12310.0,12860.0,12915.0,12680.0,12295.0,12010.0,12390.0,12505.0,12835.0,12505.0,11970.0,11800.0,11655.0,11530.0,11285.0,10760.0,11700.0,11765.0,11740.0,11500.0,12300.0,13290.0,13445.0,13655.0,14255.0,14505.0,15240.0,16495.0,14760.0,15535.0,15810.0,14800.0,15150.0,15000.0,13875.0,14490.0,13200.0,13395.0,13620.0],"highs":[12870.0,13020.0,13085.0,12680.0,12410.0,12415.0,12645.0,13065.0,12850.0,12520.0,12110.0,11925.0,11810.0,11820.0,11315.0,11915.0,12090.0,11960.0,11895.0,12565.0,13450.0,13580.0,13640.0,14285.0,15615.0,15225.0,16155.0,16960.0,15400.0,15965.0,16170.0,15000.0,15590.0,15150.0,14750.0,14490.0,13795.0,13795.0,13955.0],"lows":[12000.0,12560.0,12515.0,11985.0,11960.0,11845.0,12150.0,12370.0,12250.0,11950.0,11220.0,11535.0,11465.0,11155.0,10740.0,10760.0,11575.0,11175.0,11395.0,11210.0,12300.0,13100.0,13085.0,13615.0,14220.0,14065.0,15050.0,16005.0,14705.0,15210.0,14900.0,14550.0,14970.0,14010.0,13655.0,12850.0,12950.0,13120.0,13140.0],"closes":[12600.0,12945.0,12720.0,12195.0,12020.0,12370.0,12445.0,12835.0,12530.0,12000.0,11570.0,11650.0,11465.0,11285.0,11210.0,11710.0,11770.0,11750.0,11475.0,12565.0,13285.0,13445.0,13600.0,14230.0,14765.0,15060.0,15830.0,16005.0,14920.0,15580.0,14900.0,14680.0,15000.0,14415.0,13900.0,13200.0,13395.0,13490.0,13375.0],"hoverRows":[[{"label":"Open","value":"12,310","className":"is-ohlc","compact":true},{"label":"High","value":"12,870","className":"is-ohlc","compact":true},{"label":"Low","value":"12,000","className":"is-ohlc","compact":true},{"label":"Close","value":"12,600","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-0.85","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[10922.3,16292.7],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.851544,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics weakened this week and remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"24 Apr 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. 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Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":50.0,"averageReturn":17.3,"sample":2},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"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.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 50.0% of comparable cases moved lower after 12 weeks, with an average move of 17.3% across 2 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 2.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. 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 7.3% across 2 completed cases, with the largest move arriving after 5.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics 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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":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-28.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-26.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-18.5","detail":"Downward 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