{"schema_version":"1.0","name":"3858 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d03abb49-62e6-4621-82e5-7c2a89d5141b","symbol":"3858","name":"Jiaxin International Resources Investment Limited","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Basic Materials","industry":"Other Industrial Metals & Mining"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. 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, Drawdown and recovery pressure, Range position and boundary pressure, Directional strength and control, Activity pressure and cumulative balance, Acceleration, deceleration and rollover."},{"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":52,"displayedObservations":52,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. 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 improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms 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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":24,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[{"date":"2026-03-13","price":126.800003}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[30.0,31.7,28.8,30.0,26.9,34.5,35.7,35.6,36.66,38.64,39.18,35.68,31.76,35.5,37.1,38.6,43.14,49.26,48.76,58.4,71.0,81.9,80.5,78.55,86.3,78.65,97.85,125.8,126.8,116.8,106.4,107.5,116.4,114.9,92.9,82.35,83.15,72.7,76.5,84.55,87.45,88.7,66.4,60.55,58.5,49.98,43.66,55.0,55.2,63.75,58.8,69.8],"consensus":[58.2418,-17.7945,-70.0855,0.0,-31.6028,40.8742,23.655,18.6627,34.4245,26.55,27.5738,-14.1981,-33.9598,21.7825,21.4712,29.7892,52.4292,59.6202,36.303,77.0367,78.9175,75.7686,30.9059,42.7601,55.6806,0.0,78.8614,80.3665,37.6989,11.028,0.0,12.8798,19.1872,12.725,-46.8061,-45.4735,-25.6342,-56.2892,-10.5848,8.6828,0.0,0.0,-59.8825,-48.2856,-30.5964,-42.3073,-49.3855,0.0,-19.7182,24.8205,-21.0014,-41.3653],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,49.5031,16.2192,10.9716,31.3177,20.7669,25.9812,-22.22,-30.6193,33.2929,34.0021,30.4518,52.9772,63.7048,34.7129,81.0016,77.856,70.4967,20.3827,41.7708,46.3978,0.0,77.8096,78.3577,24.8213,6.2241,0.0,21.7768,21.147,15.9414,-41.975,-41.1064,-19.6142,-50.8757,-1.805,12.2372,0.0,0.0,-54.8121,-50.6134,-20.3872,-36.4175,-49.7437,0.0,-17.9619,23.8385,-33.9338,-42.2324],"force":[58.2418,-17.7945,-70.0855,0.0,-28.4449,40.8331,8.5457,5.0453,22.8565,14.6243,14.0243,-33.1359,-45.144,37.9146,19.9811,23.7128,56.6106,54.8162,10.9364,86.2954,90.4678,84.6027,10.6248,8.9416,53.8984,0.0,96.7373,91.8435,13.629,53.491,0.0,0.9589,13.1461,8.5612,-88.8013,-56.8892,-11.3688,-69.1206,-15.581,32.6664,0.0,0.0,-87.4119,-32.7719,-7.5406,-21.8327,-27.7795,0.0,-0.3393,56.6486,-24.4213,-66.1042],"direction":[null,null,null,null,-33.8584,31.042,42.9454,37.1794,46.2381,41.6777,39.072,-8.4969,-29.7888,2.8954,8.2144,33.3721,48.8161,58.3836,56.2393,65.892,71.8805,75.4835,72.5972,68.0467,67.5625,0.0,67.295,74.4643,69.6089,62.6031,0.0,11.2268,21.2625,24.2534,-22.3307,-42.3103,-42.7038,-53.3109,-43.4344,12.5105,0.0,0.0,-46.0133,-56.7066,-58.7324,-63.6632,-64.4091,0.0,-35.5675,3.2085,-3.7786,-22.7035],"intensity":[null,null,null,null,50.0,100.0,83.3333,14.2857,50.0,88.8889,30.0,54.5455,66.6667,61.5385,57.1429,26.6667,68.75,94.1176,16.6667,100.0,100.0,95.2381,54.5455,86.9565,91.6667,88.0,100.0,100.0,100.0,100.0,73.3333,87.0968,81.25,63.6364,91.1765,91.4286,8.3333,70.2703,73.6842,69.2308,67.5,17.0732,90.4762,88.3721,61.3636,51.1111,43.4783,68.0851,47.9167,51.0204,32.0,66.6667],"confirmation":[41.304,28.3609,45.094,2.1144,55.3019,80.947,75.2224,51.0076,78.7106,76.2207,76.4349,29.4776,79.2589,53.2376,74.6344,77.3372,84.8964,86.8698,78.8681,92.8735,93.6218,92.5955,33.7178,80.6676,85.9049,31.5412,93.7965,94.0977,79.5263,13.0473,11.0134,48.956,73.9259,27.8673,84.3314,82.966,75.8599,86.4861,6.4875,28.7908,1.177,2.4472,88.0786,82.9431,54.5771,81.0041,83.1394,32.8563,51.0793,54.2609,51.9609,81.9776],"persistence":[null,null,33.3333,25.0,40.0,16.6667,0.0,12.5,12.5,37.5,62.5,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,75.0,75.0,75.0,87.5,62.5,37.5,12.5,12.5,25.0,25.0,37.5,50.0,50.0,50.0,50.0,50.0,50.0,62.5,75.0,62.5,62.5,37.5],"assessmentRisk":[null,null,null,null,28.3372,10.3433,36.1373,37.3606,32.6019,31.0303,28.5189,8.4513,29.0122,49.1359,39.9289,22.8316,23.7149,20.1729,31.8298,11.4803,10.5408,12.1155,34.5466,28.5719,21.9263,25.6939,9.8962,9.8133,31.1352,44.4275,34.1173,52.9163,46.4141,15.0127,16.2104,25.2851,36.6151,21.7054,37.425,4.7914,24.5681,48.6639,8.451,25.119,34.4445,28.8271,24.6737,28.4735,8.8139,33.3198,57.6929,25.6472],"volumeParticipation":true,"latest":{"consensus":-41.4,"control":-42.2,"force":-66.1,"direction":-22.7,"confirmation":82.0,"persistence":37.5,"assessmentRisk":25.6,"intensity":66.7,"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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-41.4","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-42.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-66.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-22.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"82/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"50.4","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"19.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"23.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"21%","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":[30.0,31.7,28.8,30.0,26.9,34.5,35.7,35.6,36.66,38.64,39.18,35.68,31.76,35.5,37.1,38.6,43.14,49.26,48.76,58.4,71.0,81.9,80.5,78.55,86.3,78.65,97.85,125.8,126.8,116.8,106.4,107.5,116.4,114.9,92.9,82.35,83.15,72.7,76.5,84.55,87.45,88.7,66.4,60.55,58.5,49.98,43.66,55.0,55.2,63.75,58.8,69.8],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,29.4596,30.376,31.344,32.1178,32.9437,33.9794,34.9249,35.0622,34.4618,34.6506,35.0959,35.733,37.0798,39.2943,41.0154,44.1762,49.0533,55.0254,59.6571,63.0922,67.3118,69.3733,74.5509,83.8689,91.6746,96.2428,98.0896,99.8006,102.8186,105.0153,102.8125,99.092,96.1935,91.9219,89.1179,88.2874,88.1352,88.2379,84.2673,79.9551,76.0542,71.3134,66.2855,64.2336,62.5911,62.8018,62.0742,63.4789],"stroke":"#176fa3","width":1.7},{"label":"Slow 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}