As indicated by A, the FBMACE tested the 4296 WinChart Automatic Fibonacci Retracement, but failed to break above this resistance, and ended the day losing 26.35 points or 0.6%. therefore, the 4296 WinChart Automatic Fibonacci Retracement is still the resistance for the FBMACE while the support remains at 4180 WinChart Automatic Fibonacci Retracement.

Meanwhile, the FBMACE is still supported by the 14, 21, 31 EMA, thus the immediate technical outlook is still on the positive side. If the FBMACE should rebound from the 14, 21, 31 EMA, it is likely that the FBMACE to form an uptrend.

As circled at B, the Stochastic breaks below 70%, suggesting a technical correction signal for the FBMACE. If the Stochastic should continue falling, the technical correction is expected to carry on, and if the Stochastic should break below 30%, it would be a short term bearish signal for the FBMACE.

As circled at C, the MACD histogram is still rising, while no Rounding Top is sighted yet. This suggests that the short term movement of the FBMACE is still improving. If the MACD histogram should form a Rounding Top, it would be a signal suggesting that the short term movement of the FBMACE is turning weaker.

In conclusion, the FBMACE ended lower on Tuesday, as profit taking took place. However, the FBMACE is still supported by the 14, 21, 31 EMA, thus there is still a chance for the FBMACE to form an uptrend.

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