{"schema_version":"1.0","name":"CHHONGQ19 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c21bdfce-2f1c-4e51-89e8-446f0879c74f","symbol":"CHHONGQ19","name":"China Hongqiao Group Limited","exchange":"SET","country":"TH","asset_type":"equity","currency":"THB","sector":"Basic Materials","industry":"Aluminum"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range position and boundary pressure, Range pressure and compression, 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":51,"displayedObservations":51,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","take":"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.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.149692,0.12378,0.085757,0.099724,0.172633,0.116095,-0.315286,-0.723814,-1.141724,-1.442851,-1.477172,-1.576535,-1.616754,-1.691803,-1.723532,-1.723858,-1.696318,-1.662266,-1.521756,-1.245863,-0.924624,-0.674861,-0.490482],"opens":[14.803462,12.14643,13.949416,14.613673,15.092447,14.522922,13.763553,13.099106,13.194026,12.244816,12.4,11.4,11.4,9.45,8.6,8.9,8.95,9.45,9.5,9.95,9.8,10.2,9.7],"highs":[15.372827,13.854523,14.708568,15.277932,15.28229,14.712763,13.953395,13.383869,13.383869,12.6245,12.8,11.4,11.5,9.55,8.65,8.9,9.05,9.5,10.6,10.6,10.3,10.4,9.95],"lows":[13.380053,12.051536,13.569841,14.423885,14.712763,13.763553,12.909264,12.814342,12.434659,11.960053,11.6,11.0,11.3,9.45,8.5,8.8,8.85,9.3,9.45,9.9,9.7,9.6,9.4],"closes":[13.56984,13.759628,14.613673,14.99325,14.807685,14.427999,13.099106,13.383869,12.529579,12.5,11.8,11.1,11.3,9.55,8.6,8.85,8.85,9.45,10.1,10.6,10.2,9.65,9.65],"hoverRows":[[{"label":"Open","value":"14.8","className":"is-ohlc","compact":true},{"label":"High","value":"15.4","className":"is-ohlc","compact":true},{"label":"Low","value":"13.4","className":"is-ohlc","compact":true},{"label":"Close","value":"13.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.15","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.1","className":"is-ohlc","compact":true},{"label":"High","value":"13.9","className":"is-ohlc","compact":true},{"label":"Low","value":"12.1","className":"is-ohlc","compact":true},{"label":"Close","value":"13.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.12","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.9","className":"is-ohlc","compact":true},{"label":"High","value":"14.7","className":"is-ohlc","compact":true},{"label":"Low","value":"13.6","className":"is-ohlc","compact":true},{"label":"Close","value":"14.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.09","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.6","className":"is-ohlc","compact":true},{"label":"High","value":"15.3","className":"is-ohlc","compact":true},{"label":"Low","value":"14.4","className":"is-ohlc","compact":true},{"label":"Close","value":"15.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.10","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.1","className":"is-ohlc","compact":true},{"label":"High","value":"15.3","className":"is-ohlc","compact":true},{"label":"Low","value":"14.7","className":"is-ohlc","compact":true},{"label":"Close","value":"14.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.17","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"14.5","className":"is-ohlc","compact":true},{"label":"High","value":"14.7","className":"is-ohlc","compact":true},{"label":"Low","value":"13.8","className":"is-ohlc","compact":true},{"label":"Close","value":"14.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.12","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.8","className":"is-ohlc","compact":true},{"label":"High","value":"14.0","className":"is-ohlc","compact":true},{"label":"Low","value":"12.9","className":"is-ohlc","compact":true},{"label":"Close","value":"13.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.32","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.1","className":"is-ohlc","compact":true},{"label":"High","value":"13.4","className":"is-ohlc","compact":true},{"label":"Low","value":"12.8","className":"is-ohlc","compact":true},{"label":"Close","value":"13.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.72","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13.2","className":"is-ohlc","compact":true},{"label":"High","value":"13.4","className":"is-ohlc","compact":true},{"label":"Low","value":"12.4","className":"is-ohlc","compact":true},{"label":"Close","value":"12.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.14","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.2","className":"is-ohlc","compact":true},{"label":"High","value":"12.6","className":"is-ohlc","compact":true},{"label":"Low","value":"12.0","className":"is-ohlc","compact":true},{"label":"Close","value":"12.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.44","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"12.4","className":"is-ohlc","compact":true},{"label":"High","value":"12.8","className":"is-ohlc","compact":true},{"label":"Low","value":"11.6","className":"is-ohlc","compact":true},{"label":"Close","value":"11.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.48","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.4","className":"is-ohlc","compact":true},{"label":"High","value":"11.4","className":"is-ohlc","compact":true},{"label":"Low","value":"11.0","className":"is-ohlc","compact":true},{"label":"Close","value":"11.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.58","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.4","className":"is-ohlc","compact":true},{"label":"High","value":"11.5","className":"is-ohlc","compact":true},{"label":"Low","value":"11.3","className":"is-ohlc","compact":true},{"label":"Close","value":"11.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.62","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.45","className":"is-ohlc","compact":true},{"label":"High","value":"9.55","className":"is-ohlc","compact":true},{"label":"Low","value":"9.45","className":"is-ohlc","compact":true},{"label":"Close","value":"9.55","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.69","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.60","className":"is-ohlc","compact":true},{"label":"High","value":"8.65","className":"is-ohlc","compact":true},{"label":"Low","value":"8.50","className":"is-ohlc","compact":true},{"label":"Close","value":"8.60","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.72","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.90","className":"is-ohlc","compact":true},{"label":"High","value":"8.90","className":"is-ohlc","compact":true},{"label":"Low","value":"8.80","className":"is-ohlc","compact":true},{"label":"Close","value":"8.85","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.72","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.95","className":"is-ohlc","compact":true},{"label":"High","value":"9.05","className":"is-ohlc","compact":true},{"label":"Low","value":"8.85","className":"is-ohlc","compact":true},{"label":"Close","value":"8.85","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.70","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.45","className":"is-ohlc","compact":true},{"label":"High","value":"9.50","className":"is-ohlc","compact":true},{"label":"Low","value":"9.30","className":"is-ohlc","compact":true},{"label":"Close","value":"9.45","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.66","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.50","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"9.45","className":"is-ohlc","compact":true},{"label":"Close","value":"10.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.52","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.95","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"9.90","className":"is-ohlc","compact":true},{"label":"Close","value":"10.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.25","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.80","className":"is-ohlc","compact":true},{"label":"High","value":"10.3","className":"is-ohlc","compact":true},{"label":"Low","value":"9.70","className":"is-ohlc","compact":true},{"label":"Close","value":"10.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.92","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.2","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"9.60","className":"is-ohlc","compact":true},{"label":"Close","value":"9.65","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.67","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.70","className":"is-ohlc","compact":true},{"label":"High","value":"9.95","className":"is-ohlc","compact":true},{"label":"Low","value":"9.40","className":"is-ohlc","compact":true},{"label":"Close","value":"9.65","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.49","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[8.216405,15.376845],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.490482,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but 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":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":23,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"],"close":[9.869,10.6281,10.2485,9.869,10.5332,10.3434,10.1537,11.0077,11.672,12.8107,13.3801,11.5771,12.1464,13.0005,12.6209,12.2413,12.2413,12.526,13.3801,13.3801,13.6647,13.7596,13.2852,13.3801,13.8545,13.3801,14.7086,15.3728,13.5698,13.7596,14.6137,14.9932,14.8077,14.428,13.0991,13.3839,12.5296,12.5,11.8,11.1,11.3,9.55,8.6,8.85,8.85,9.45,10.1,10.6,10.2,9.65,9.65],"consensus":[46.6664,100.0,20.0,-29.0,47.0648,-10.1883,-8.7068,53.6443,60.0235,80.4643,69.2049,-19.989,41.8752,62.8334,10.5916,15.0074,14.3989,21.4569,45.7464,23.2769,45.3989,22.9006,-13.6016,10.1064,27.2214,-17.6056,59.3668,53.3088,-34.334,21.1188,34.7626,31.8117,10.904,0.0,-50.0036,0.0,-56.103,-22.5847,-61.0904,-55.742,-44.1577,-44.4844,-51.7921,-38.1858,-54.1556,-10.356,16.9377,35.6581,0.0,-43.6587,-22.9567],"supportDates":["2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"],"control":[null,null,null,null,null,-13.1609,-11.6539,51.1926,55.976,75.5438,60.1267,-33.0559,45.6211,71.0547,20.5826,7.4968,19.0602,36.193,43.3831,15.3349,42.736,11.9127,-9.671,10.5143,32.4836,-19.3997,53.5445,55.9731,-36.5802,23.9297,47.2515,38.3919,0.1151,0.0,-51.209,0.0,-57.3177,-10.0588,-56.5147,-58.9835,-48.0488,-32.5792,-44.5713,-30.2555,-57.3896,-6.6094,7.4009,28.926,0.0,-51.4454,-22.4339],"force":[46.6664,100.0,20.0,-29.0,30.8902,-25.0419,-14.6846,51.7145,56.118,91.9861,70.6807,-68.634,33.7508,69.0235,13.7609,0.8137,5.4488,14.0937,49.5648,2.2896,41.5719,5.8063,-60.8209,0.286,15.8026,-44.0953,81.1679,44.7194,-72.1325,32.3128,35.6444,38.3681,8.0138,0.0,-58.5593,0.0,-57.9451,-0.7278,-73.7353,-37.5436,-15.7788,-25.6943,-31.1825,-1.9383,-23.3751,-35.6159,70.1839,82.1159,0.0,-58.0464,-6.6979],"direction":[null,null,null,null,58.618,-3.8188,-1.0687,57.8246,67.439,77.858,78.5257,-29.691,43.3973,49.0162,16.568,34.8919,15.4646,9.8752,45.7199,47.3444,51.1758,47.6683,-15.6343,17.0634,29.3636,-3.3661,50.4486,56.3991,-4.7681,9.9105,19.8599,19.6084,36.7469,0.0,-42.5148,0.0,-53.399,-52.512,-57.2876,-65.0363,-59.9813,-71.5118,-74.7656,-73.14,-72.4457,-47.4749,10.196,10.1678,0.0,-24.4825,-35.1676],"intensity":[null,null,null,null,75.0,20.0,66.6667,100.0,100.0,100.0,80.0,100.0,41.6667,61.5385,21.4286,33.3333,25.0,11.7647,94.4444,31.5789,5.0,90.4762,77.2727,4.3478,41.6667,36.0,88.4615,59.2593,100.0,93.1034,93.3333,58.0645,15.625,69.697,82.3529,42.8571,63.8889,54.0541,50.0,84.6154,15.0,100.0,69.0476,16.2791,4.5455,42.2222,76.087,29.7872,22.9167,34.6939,24.0],"confirmation":[37.5999,54.6667,29.0667,31.9467,59.6547,49.8156,48.2568,85.1447,87.1502,94.1747,90.3289,36.6806,81.0954,88.1701,28.0972,27.2749,49.5972,74.4173,82.7912,52.2634,82.4516,52.308,31.8535,48.3055,76.2827,52.4652,87.7505,84.7564,57.4379,75.0563,78.9606,78.2793,4.7868,25.9774,84.2435,29.9552,85.9906,52.0852,88.004,85.2334,81.2063,81.8438,84.0554,56.5689,84.3424,9.568,9.3633,80.929,25.5501,82.2906,60.1919],"persistence":[null,null,100.0,50.0,60.0,33.3333,14.2857,25.0,25.0,25.0,25.0,25.0,25.0,50.0,75.0,75.0,75.0,75.0,75.0,100.0,100.0,100.0,75.0,75.0,75.0,50.0,50.0,50.0,25.0,25.0,50.0,50.0,50.0,62.5,37.5,25.0,25.0,0.0,25.0,50.0,75.0,87.5,87.5,100.0,100.0,100.0,75.0,50.0,37.5,37.5,37.5],"assessmentRisk":[null,null,null,null,18.3777,20.2682,5.4677,21.8991,18.777,9.7515,15.3969,40.4017,6.1923,19.3452,43.0379,27.3374,0.9704,38.8423,15.1658,33.708,25.2747,35.3721,0.124,5.0532,7.524,26.2179,19.9315,23.3066,1.4263,13.3638,23.641,39.7709,41.2213,32.3872,22.4608,46.4506,21.4641,37.6946,14.9423,21.9008,24.801,27.7339,24.0917,30.8148,22.888,2.1768,39.8977,31.4908,51.906,36.2455,17.6709],"volumeParticipation":true,"latest":{"consensus":-23.0,"control":-22.4,"force":-6.7,"direction":-35.2,"confirmation":60.2,"persistence":37.5,"assessmentRisk":17.7,"intensity":24.0,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-23.0","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-22.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-6.7","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-35.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"60/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"41.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"9.2%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"29.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"16%","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 and its trend references are aligned downward.","series":[{"label":"Close","values":[9.869,10.6281,10.2485,9.869,10.5332,10.3434,10.1537,11.0077,11.672,12.8107,13.3801,11.5771,12.1464,13.0005,12.6209,12.2413,12.2413,12.526,13.3801,13.3801,13.6647,13.7596,13.2852,13.3801,13.8545,13.3801,14.7086,15.3728,13.5698,13.7596,14.6137,14.9932,14.8077,14.428,13.0991,13.3839,12.5296,12.5,11.8,11.1,11.3,9.55,8.6,8.85,8.85,9.45,10.1,10.6,10.2,9.65,9.65],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,10.1115,10.1537,10.1537,10.309,10.5568,10.9666,11.4054,11.4366,11.5657,11.8265,11.971,12.0201,12.0603,12.145,12.3696,12.5533,12.7554,12.938,13.0011,13.07,13.2126,13.2431,13.5095,13.8483,13.7977,13.7908,13.9404,14.1318,14.2547,14.2862,14.0704,13.9456,13.6881,13.4721,13.1681,12.7921,12.5208,11.9806,11.366,10.9085,10.5342,10.3371,10.294,10.3496,10.3224,10.2002,10.1001],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,10.8039,10.9666,11.0891,11.1745,11.2535,11.3478,11.4983,11.6377,11.7878,11.9339,12.034,12.1337,12.2612,12.3441,12.5192,12.7306,12.7927,12.8644,12.9939,13.142,13.2654,13.3515,13.3328,13.3366,13.2768,13.2193,13.1142,12.965,12.8416,12.5978,12.3017,12.046,11.8093,11.6345,11.5208,11.4526,11.3598,11.2332,11.1159],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,12.4498,13.2123,13.1951,13.2827,13.5565,13.6748,13.7004,13.7179,13.7701,13.9635,14.1207,14.3076,14.5262,14.5947,14.5755,14.6672,14.5997,14.6511,14.9571,14.9356,14.9883,15.1478,15.2719,15.3798,15.4595,15.4367,15.3638,15.3264,15.3294,15.4734,15.6945,15.8028,16.1497,16.5624,16.7734,16.8465,16.8378,16.5751,16.1222,15.9418,15.7203,15.2945],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,8.9773,8.6996,8.8203,8.9079,8.9063,8.9732,9.0623,9.146,9.2154,9.2206,9.2422,9.4349,9.5295,9.7646,10.1349,10.3753,10.7465,11.1506,11.2811,11.4924,11.5346,11.4984,11.716,11.8742,11.9372,12.0079,12.195,12.2613,12.2556,11.9537,11.5045,11.1597,10.3919,9.5107,8.8467,8.2731,7.8888,7.6907,7.6662,7.5097,7.3202,7.2497],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"]},{"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":[0.0,0.0,-3.5714,-7.1429,-0.8928,-2.6786,-4.4643,0.0,0.0,0.0,0.0,-13.4752,-9.2199,-2.8369,-5.6738,-8.5107,-8.5107,-6.383,0.0,0.0,0.0,0.0,-3.4483,-2.7586,0.0,-3.4247,0.0,0.0,-11.7284,-10.4938,-4.9383,-2.4691,-3.6762,-6.1461,-14.7905,-12.9381,-18.4953,-18.6877,-23.2412,-27.7947,-26.4937,-37.8774,-44.0571,-42.4309,-42.4309,-38.5279,-34.2997,-31.0472,-33.6492,-37.2269,-37.2269],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,11.5385,18.2692,29.8077,35.5769,17.3077,23.0769,31.7308,27.8846,24.0385,24.0385,26.9231,35.5769,35.5769,38.4615,39.4231,34.6154,35.5769,40.3846,35.5769,49.0385,55.7693,37.5,35.514,43.9252,47.6636,34.5211,24.6257,13.147,15.6067,8.2276,2.9109,0.0,0.0,1.8018,0.0,0.0,2.907,2.907,9.8837,17.4419,23.2558,18.6047,12.2093,12.2093],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"]},{"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,7.6112,41.1086,111.5821,97.8273,46.3241,5.4657,71.4992,10.8841,14.5392,4.5437,3.6566,62.3632,123.4289,141.6876,122.4961,570.1672,27.0992,16.8747,39.5772,119.9222,34.2072,58.6407,29.8406,12.4827,491.7703,9.4303,26.4094,19.5856,31.7666,23.9531,25.0973,61.1607,4.7869,5.6517,0.8033,18.5832,21.6359,196.174,43.6513,91.5304,130.5237,430.8118,64.7752,33.5553],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,126.6859,131.0947,135.0,135.0,131.8862,132.2268,135.0,134.4031,133.6488,133.6488,133.8182,135.0,135.0,135.0,135.0,112.435,113.5093,114.035,112.8512,116.6293,117.7186,115.8564,116.7334,117.0717,134.0217,133.6963,132.8143,132.1581,133.2305,132.4141,131.5494,129.4422,129.287,129.4592,129.4361,129.1102,129.4821,129.4821,130.2931,131.8941,134.2605,124.8168,123.3787,123.3787],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"]},{"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,90.6977,89.8305,95.0617,88.1188,50.495,62.3762,80.198,72.2772,64.3564,64.3564,70.297,86.4078,86.4078,92.233,75.1938,67.4419,68.9923,76.7442,68.9923,87.9699,93.75,64.0625,65.5738,80.3279,86.8852,83.6795,72.0867,37.8653,44.5338,24.5281,23.8354,7.4429,2.1042,6.3126,1.5867,1.3789,4.826,4.826,13.0991,22.0617,28.9559,23.4405,15.8568,15.8568],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-1.6949,-2.381,-1.4599,-4.0816,-17.0068,-12.9252,-6.8027,-9.5238,-12.2449,-12.2449,-10.2041,-4.7297,-4.7297,-2.7027,-9.9379,-13.0435,-12.4224,-9.3168,-12.4224,-4.908,-2.4096,-13.8554,-12.6506,-7.2289,-4.8193,-5.9973,-8.4076,-16.8438,-15.036,-20.4592,-20.647,-25.0908,-29.5346,-28.2649,-39.3743,-45.4052,-43.8181,-43.8181,-40.0091,-35.8828,-32.7087,-35.248,-38.7395,-38.7395],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,20.2073,27.4611,39.8964,46.114,26.4249,32.6425,41.9689,37.8238,33.6787,33.6787,36.7876,46.114,46.114,49.2228,50.2591,45.0777,46.114,51.2953,46.114,60.6218,58.8236,40.1961,38.0952,46.6667,50.4762,48.6138,31.0718,14.0821,16.5622,9.122,8.8644,2.768,0.9091,2.7273,1.0582,1.1765,4.1176,4.1176,11.1765,18.8235,24.7059,20.0,13.5294,13.5294],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,7.4566,7.6693,8.0068,7.6563,7.2184,7.0855,7.0353,6.7439,7.155,7.4935,7.4661,7.0379,7.2735,7.1577,7.0207,8.4343,8.6598,8.1279,7.7631,7.5737,7.7347,8.739,8.2461,8.7203,8.4962,9.0838,9.4817,8.9014,11.1639,12.3837,11.4165,10.7624,9.8505,9.3715,8.7633,9.0868,9.5108,9.2385],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,32.4118,41.1889,39.7425,39.4298,41.4035,41.5186,40.7519,39.9919,39.6313,40.9153,41.7632,41.0457,41.5428,39.6574,35.9408,34.2765,30.4043,27.1339,28.02,26.0575,26.043,27.392,26.3517,25.7254,25.7136,24.9868,22.9965,22.2209,22.286,25.666,30.8097,34.4415,43.3868,54.092,61.8792,68.261,72.3836,73.2261,71.0932,71.9107,72.9159,71.3695],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"]},{"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,55.935,56.0747,54.4991,51.2587,48.989,47.3162,45.7662,43.1834,40.2734,37.6618,35.601,34.121,33.0603,32.5638,31.9679,32.6585,33.7699,34.4741,34.9267,34.7475,33.2983,31.9527,30.873,29.8705,29.1251],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,27.44,25.5185,23.4008,22.7239,24.121,32.0861,30.0068,28.4618,35.0659,32.2009,29.7976,28.3476,26.3732,31.0074,29.9704,26.2431,23.4067,26.9397,29.0219,27.9969,26.1258,23.65,22.7783,21.3648,20.41,18.7779,17.7584,17.9641,15.7376,14.6293,16.0864,16.97,19.5766,26.1787,24.7696,23.0516,21.6164,20.6638],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,6.488,7.4342,10.9666,10.6494,10.2502,9.0776,8.4894,8.0523,6.9989,9.1506,8.4676,8.0556,10.2804,8.8243,7.993,12.9212,19.4885,18.154,17.2025,16.5785,21.5461,24.8348,24.5338,25.4935,27.5463,27.7428,30.3086,29.4477,38.1922,41.8742,40.9861,40.3713,38.3578,35.0289,33.1434,32.386,30.3696,30.6337],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","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"]}]},"canonical_url":"https://sharemaestro.com/terminal/c21bdfce-2f1c-4e51-89e8-446f0879c74f/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/c21bdfce-2f1c-4e51-89e8-446f0879c74f/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/c21bdfce-2f1c-4e51-89e8-446f0879c74f/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/c21bdfce-2f1c-4e51-89e8-446f0879c74f/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/c21bdfce-2f1c-4e51-89e8-446f0879c74f/technical-pack/data.json"},"source_fingerprint":"0da43dba714020d4424b9121a89a0fa38bcf152a27769f75bfa4361c6ba3890b","content_hash":"93e800959d9a410b8facd8f6ebdf798564beca93b40894b6a38fc41887155589","citation":"Sharemaestro, CHHONGQ19 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/c21bdfce-2f1c-4e51-89e8-446f0879c74f/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}