As indicated by A, the FBMACE attempted to test the 14, 21, 31 EMA, but failed, it only managed to gain 6.82 points or 0.16%. Resistance for the FBMACE remain at 4234 and 4333 WinChart Automatic Fibonacci Retracement, while the support is at 4113 WinChart Automatic Fibonacci Retracement.

As circled at B, the Stochastic stays below 30%, in the short term bearish territory. This suggests that the short term movement of the FBMACE is weak, until the Stochastic could successfully break above 30%.

As indicated by C, the MACD histogram is still falling, thus it has not formed a Rounding Bottom. Technically, the weakening movement of the FBMACE is likely to continue until the MACD histogram should form a Rounding Bottom.

In conclusion, the short term movement of the FBMACE remains weak, while the FBMACE has not formed a downtrend yet, not until it forms a Lower-high or break below 4000 mark.

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