As indicated by A, the FBMACE opened above the 4280 WinChart Automatic Fibonacci Retracement, but due to profit taking, it failed to stay above the 4280 level, and close at 4274.32; therefore, the 4280 WinChart Automatic Fibonacci Retracement is still the immediate resistance for the FBMACE while the support is at 4130 WinChart Automatic Fibonacci Retracement.

Although the FBMACE failed to break above the 4280 WinChart Automatic Fibonacci Retracement, it is still supported by the 14, 21, 31 EMA as well as the Bollinger Middle Band. Therefore, the immediate technical outlook for the FBMACE is still positive.

As circled at B, the Stochastic failed to break above 70%, suggesting that the short term movement of the FBMACE is not yet bullish. If the Stochastic should remains around 50% level, the short term movement of the FBMACE is expected to move sideways.

As circled at C, the MACD histogram is still falling, although very slowly, and it might still form a Rounding Top; therefore, it implies that the FBMACE could consolidate from here. Technically, the MACD histogram has to start rising if the FBMACE were to gain strength.

In conclusion, the FBMACE failed to gather its bullish signals, but still managed to stay above the 14, 21, 31 EMA as well as the Bollinger Middle Band. In short, there is still a chance of an uptrend formation.

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