{"schema_version":"1.0","name":"BKA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"c649f829-e68c-44dd-ab02-c40d591c5551","symbol":"BKA","name":"Sin Heng Heavy Machinery Limited","exchange":"SES","country":"SG","asset_type":"equity","currency":"SGD","sector":"Industrials","industry":"Farm & Heavy Construction Machinery"},"summary":"Market Dynamics weakened this week and remains below zero. The broader path has not changed enough to establish a new direction. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":14,"completedEpisodes":13,"activeEpisodes":1,"medianExpectedMove":4.3,"averageExpectedMove":7.4,"averageWeeksToLargestMove":6.9,"horizons":[{"weeks":4,"sample":14,"expectedCount":8,"expectedPercent":57.1,"averageReturn":0.9,"medianReturn":0.9,"confidenceLow":32.6,"confidenceHigh":78.6,"confidence":"Mixed historical record"},{"weeks":12,"sample":13,"expectedCount":8,"expectedPercent":61.5,"averageReturn":3.7,"medianReturn":4.3,"confidenceLow":35.5,"confidenceHigh":82.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":13,"expectedCount":10,"expectedPercent":76.9,"averageReturn":12.9,"medianReturn":10.0,"confidenceLow":49.7,"confidenceHigh":91.8,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.2,"sample":14},{"week":2,"averageReturn":0.1,"sample":14},{"week":3,"averageReturn":1.1,"sample":14},{"week":4,"averageReturn":0.9,"sample":14},{"week":5,"averageReturn":1.4,"sample":14},{"week":6,"averageReturn":1.1,"sample":14},{"week":7,"averageReturn":2.7,"sample":14},{"week":8,"averageReturn":2.1,"sample":14},{"week":9,"averageReturn":1.4,"sample":14},{"week":10,"averageReturn":1.9,"sample":14},{"week":11,"averageReturn":3.9,"sample":13},{"week":12,"averageReturn":3.7,"sample":13},{"week":13,"averageReturn":3.8,"sample":13},{"week":14,"averageReturn":4.7,"sample":13},{"week":15,"averageReturn":4.9,"sample":13},{"week":16,"averageReturn":6.3,"sample":13},{"week":17,"averageReturn":6.1,"sample":13},{"week":18,"averageReturn":5.3,"sample":13},{"week":19,"averageReturn":8.7,"sample":13},{"week":20,"averageReturn":8.2,"sample":13},{"week":21,"averageReturn":9.7,"sample":13},{"week":22,"averageReturn":9.4,"sample":13},{"week":23,"averageReturn":13.3,"sample":13},{"week":24,"averageReturn":12.0,"sample":13},{"week":25,"averageReturn":12.4,"sample":13},{"week":26,"averageReturn":12.9,"sample":13}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":6,"completedEpisodes":6,"activeEpisodes":0,"medianExpectedMove":4.9,"averageExpectedMove":5.4,"averageWeeksToLargestMove":8.7,"horizons":[{"weeks":4,"sample":6,"expectedCount":4,"expectedPercent":66.7,"averageReturn":-1.4,"medianReturn":-2.1,"confidenceLow":30.0,"confidenceHigh":90.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":6,"expectedCount":5,"expectedPercent":83.3,"averageReturn":-3.3,"medianReturn":-3.1,"confidenceLow":43.6,"confidenceHigh":97.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":5,"expectedCount":3,"expectedPercent":60.0,"averageReturn":-5.9,"medianReturn":-2.1,"confidenceLow":23.1,"confidenceHigh":88.2,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.9,"sample":6},{"week":2,"averageReturn":-0.9,"sample":6},{"week":3,"averageReturn":-0.6,"sample":6},{"week":4,"averageReturn":-1.4,"sample":6},{"week":5,"averageReturn":-1.1,"sample":6},{"week":6,"averageReturn":-1.5,"sample":6},{"week":7,"averageReturn":-1.0,"sample":6},{"week":8,"averageReturn":-1.8,"sample":6},{"week":9,"averageReturn":-2.0,"sample":6},{"week":10,"averageReturn":-3.1,"sample":6},{"week":11,"averageReturn":-3.8,"sample":6},{"week":12,"averageReturn":-3.3,"sample":6},{"week":13,"averageReturn":-2.7,"sample":6},{"week":14,"averageReturn":-2.3,"sample":6},{"week":15,"averageReturn":-1.6,"sample":6},{"week":16,"averageReturn":-3.4,"sample":6},{"week":17,"averageReturn":-3.4,"sample":6},{"week":18,"averageReturn":-1.7,"sample":5},{"week":19,"averageReturn":-1.3,"sample":5},{"week":20,"averageReturn":-2.4,"sample":5},{"week":21,"averageReturn":-1.8,"sample":5},{"week":22,"averageReturn":-3.4,"sample":5},{"week":23,"averageReturn":-3.6,"sample":5},{"week":24,"averageReturn":-4.1,"sample":5},{"week":25,"averageReturn":-4.4,"sample":5},{"week":26,"averageReturn":-5.9,"sample":5}]},"currentApplication":{"status":"Downside evidence leads price","tone":"negative","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"The downside remains supported. Further price weakness would confirm that price is catching up with the weaker underlying position.","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":29.2,"averageReturn":5.0,"sample":24},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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, 29.2% of comparable cases moved lower after 12 weeks, with an average move of 5.0% across 24 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 85.7% of completed 12-week outcomes were lower across 7 cases. Distinct visits lasted 2.6 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 2.9% across 24 completed cases, with the largest move arriving after 4.0 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 history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2025-07-11","price":0.647614},{"date":"2025-10-10","price":0.641748},{"date":"2025-11-28","price":0.651049},{"date":"2026-06-12","price":0.65}],"price_pressure_gaps":[{"date":"2025-10-03","price":0.66035},{"date":"2025-10-31","price":0.66965},{"date":"2025-11-14","price":0.674301},{"date":"2026-01-02","price":0.665},{"date":"2026-02-06","price":0.66035},{"date":"2026-04-17","price":0.66035}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","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"],"close":[0.3961,0.4001,0.3961,0.4081,0.4122,0.4081,0.4041,0.4081,0.4122,0.4122,0.4001,0.4122,0.4081,0.4081,0.4162,0.4162,0.4162,0.4282,0.4482,0.4522,0.4642,0.4682,0.4442,0.4482,0.4402,0.4482,0.4402,0.4362,0.4522,0.4362,0.4642,0.4602,0.4602,0.4602,0.4642,0.4682,0.4762,0.5002,0.5042,0.4998,0.4998,0.5129,0.5303,0.552,0.5563,0.6824,0.6476,0.6259,0.6563,0.6433,0.6389,0.6476,0.6464,0.6185,0.6324,0.6417,0.651,0.651,0.6603,0.6417,0.6417,0.6417,0.6696,0.6557,0.6743,0.6696,0.651,0.6464,0.6417,0.6371,0.6371,0.665,0.651,0.6464,0.6464,0.6464,0.6603,0.665,0.6696,0.6836,0.651,0.6557,0.6324,0.6464,0.6464,0.6557,0.6603,0.6696,0.6696,0.679,0.675,0.69,0.68,0.66,0.65,0.645,0.61,0.605,0.6,0.58,0.585,0.58,0.54,0.54],"consensus":[-9.3748,12.4458,-30.8338,58.1746,46.0702,0.0,-11.6457,30.0266,37.2744,26.721,-42.1075,41.7247,-13.5659,0.0,48.9453,18.2627,27.4377,65.7787,81.6451,63.3112,69.6208,66.6959,0.0,25.5705,-33.8983,26.6097,-27.0024,-22.4108,49.1501,-28.0122,47.4874,0.0,9.9993,13.3155,36.9769,37.137,58.7668,80.4577,41.7405,23.0902,47.3309,68.7588,73.6902,71.0396,60.7571,87.1888,12.9349,9.3197,77.5396,8.8809,27.4996,52.627,17.551,-23.866,25.7827,21.8667,36.3779,38.4266,51.1073,-21.2362,0.0,0.0,54.1263,-10.3672,55.3185,21.8155,-32.7699,-26.5185,-36.1209,-41.8193,-22.2234,32.8848,-22.4568,0.0,-12.3896,-9.3094,35.8293,26.3191,35.533,60.9127,-46.162,0.0,-63.7547,0.0,-9.5227,21.5788,25.0563,32.0544,31.1114,53.8154,8.2581,46.9055,0.0,-37.205,-29.4031,-30.9122,-60.0224,-42.4637,-43.3193,-74.6925,-14.8055,-30.1882,-80.9062,-42.5253],"supportDates":["2025-08-22","2025-08-29","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"],"control":[23.2838,-27.1898,35.7774,29.1832,47.2615,45.2095,60.3819,-22.5281,0.0,0.0,58.3966,-17.0708,63.4249,19.3723,-34.0765,-31.1213,-34.6271,-43.297,-14.9122,24.966,-23.1534,0.0,-23.3763,-1.6616,32.991,24.3414,42.4534,62.0632,-43.0818,0.0,-61.1015,0.0,-7.4636,34.4319,18.1998,20.846,36.3331,52.8302,5.1465,41.4097,0.0,-46.0481,-27.508,-26.3831,-64.7217,-38.1614,-38.5567,-78.9014,-1.2125,-13.6454,-79.3604,-35.805],"force":[13.1624,-53.5027,19.2312,10.2682,25.0187,20.6852,44.9888,-61.9577,0.0,0.0,75.1594,-48.4338,58.6639,2.4953,-50.9206,-26.2426,-33.8512,-32.7665,-7.1528,47.7342,-60.1594,0.0,-10.5117,-6.4659,68.288,30.2596,29.4954,80.6016,-89.7975,0.0,-89.0767,0.0,-2.1082,30.244,37.2124,48.3419,20.0945,72.3325,18.898,60.5902,0.0,-42.0081,-20.704,-16.9695,-48.1224,-17.1649,-17.5216,-72.6966,-33.4448,-7.549,-93.2535,-9.994],"direction":[32.9375,-1.1019,19.0398,21.7896,32.0532,43.3472,44.8782,-9.3271,0.0,0.0,34.2222,-24.4844,43.6644,38.4078,-18.3119,-21.4551,-39.4494,-46.597,-41.3437,31.3281,-5.2698,0.0,-1.1748,-20.0809,15.8882,25.7648,31.9366,45.5343,-18.5139,0.0,-48.6997,0.0,-17.1721,0.7002,24.2094,33.2301,33.0128,41.7149,31.2115,43.4117,0.0,-23.668,-37.7824,-46.0474,-63.1518,-65.4513,-67.1891,-71.308,-64.8049,-65.2652,-73.8533,-73.4424],"intensity":[48.0769,88.4615,61.5385,61.5385,44.2308,19.2308,44.2308,69.2308,94.2308,5.7692,94.2308,55.7692,65.3846,61.5385,61.5385,61.5385,13.4615,15.3846,11.5385,96.1538,73.0769,100.0,100.0,17.3077,50.0,50.0,19.2308,50.0,84.6154,84.6154,67.3077,61.5385,84.6154,25.0,34.6154,46.1538,46.1538,25.0,26.9231,65.3846,25.0,71.1538,50.0,15.3846,90.3846,53.8462,17.3077,73.0769,75.0,51.9231,94.2308,90.3846],"confirmation":[30.0676,54.0581,75.8985,74.5324,79.1289,79.6525,84.0266,32.6734,24.4002,24.6361,85.8963,32.2655,85.6803,51.7627,79.0196,76.4074,79.5123,81.0838,52.0969,79.0964,54.7821,0.6002,49.0734,25.6756,80.4978,76.5723,79.0811,88.0746,84.1486,2.9362,89.2136,31.7598,25.5194,52.3068,76.493,78.9246,77.5403,85.8003,5.894,83.5106,4.4038,79.9172,77.1727,77.536,86.7729,80.8829,81.1485,91.7766,10.6093,54.5557,94.2898,88.7191],"persistence":[100.0,75.0,75.0,75.0,75.0,75.0,75.0,50.0,37.5,50.0,50.0,25.0,25.0,25.0,0.0,0.0,12.5,25.0,50.0,25.0,50.0,62.5,62.5,62.5,37.5,12.5,12.5,12.5,12.5,12.5,12.5,25.0,0.0,0.0,0.0,0.0,25.0,37.5,62.5,75.0,87.5,62.5,37.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0],"assessmentRisk":[21.7584,16.343,21.1875,18.4765,12.1639,15.2527,20.3549,10.6181,29.8909,33.7435,2.6594,42.9473,21.1295,36.7958,27.5204,16.938,31.236,28.4471,28.5481,25.9843,39.5829,27.885,34.4431,40.8499,14.0292,33.3356,30.6596,19.4647,6.0663,29.1266,17.3533,51.6746,11.5906,10.7894,35.9312,30.8083,31.2798,20.131,35.8278,21.499,29.8869,27.6504,33.801,34.5303,19.9863,28.7441,28.3023,12.649,40.6766,33.0591,9.5225,28.3211],"volumeParticipation":true,"latest":{"consensus":-42.5,"control":-35.8,"force":-10.0,"direction":-73.4,"confirmation":88.7,"persistence":100.0,"assessmentRisk":28.3,"intensity":90.4,"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 easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-42.5","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-35.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-10.0","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-73.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"89/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"24.0","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"3.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"36.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"6%","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 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leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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