{
  "ticker": "278470.KS",
  "analysis_asof": "2026-04-16T12:34:26.956517+09:00",
  "market_data_asof": "2026-04-16",
  "level_basis": "daily_close",
  "thesis_state": "constructive",
  "primary_setup": "watch_only",
  "portfolio_stance": "BULLISH",
  "entry_action_base": "WAIT",
  "setup_quality": "DEVELOPING",
  "confidence": 0.72,
  "action_if_triggered": "NONE",
  "starter_fraction_of_target": null,
  "breakout_level": null,
  "breakout_confirmation": "close_above",
  "pullback_buy_zone": null,
  "invalid_if_close_below": null,
  "invalid_if_intraday_below": null,
  "min_relative_volume": 1.0,
  "session_vwap_preference": "indifferent",
  "event_guard": {
    "earnings_date": null,
    "block_new_position_within_days": 0,
    "allow_add_only_after_event": false,
    "requires_post_event_rerun": false
  },
  "reason_codes": [
    "trigger:krw_407,500-413,000_위_회복_또는_유지와_함께_거래량이_414,029주를_의미_있게_넘고_가",
    "trigger:krw_413,000-417,000_위_고거래량_종가_안착_및_후속_거래일_지지_여부_확인",
    "trigger:krw_386,000-399,500_눌림에서_가격_붕괴_없이_반등하고_rsi가_과열권에서_식으며_거래량이_회",
    "trigger:q1_공시_또는_실적_자료에서_해외_성장,_비용_통제,_재고_회전,_fcf_품질이_동시에_확인되는지_확인",
    "trigger:관세_환급의_규모,_시점,_회계_처리에_대한_뉴스_또는_공시_확인"
  ],
  "notes": [
    "catalyst:q1_실적에서_북미와_서유럽_매출_성장,_안정적_또는_개선된_영업이익률,_양호한_fcf_전환이_동시에_확인되",
    "catalyst:coachella,_celebrity-driven_medicube_노출,_성수동_플래그십_외국인_수요가_일회",
    "catalyst:us_reciprocal_tariff_refund의_규모,_시점,_회계_처리가_확인되어_현금흐름_또는_해외_",
    "catalyst:krw_413,000-417,000_52주_고점_구간을_거래량_증가와_함께_돌파하고_후속_안착하는_경우",
    "catalyst:재고_회전과_자유현금흐름이_해외_확장_과정에서도_유지되는_경우"
  ]
}