As indicated by A, the FBMACE had its intra-day low reaching 4160.46 points, but at the close, it managed to regain its losses, and even gaining 4.11 points or 0.1%, at 4215.51 points. However, with the FBMACE staying below the 4235 WinChart Automatic Fibonacci Retracement as well as the 14, 21, 31 EMA, the technical outlook for the FBMACE is still negative. Support for the FBMACE remains at 4113 WinChart Automatic Fibonacci Retracement.

As circled at B, the Stochastic stays below 30%, despite some rebound. This suggests that the short term bearish signal for the FBMACE is still intact, until the Stochastic could successfully break above 30%.

As indicated by C, despite the rebound on Tuesday, the MACD histogram is still falling, and this suggests that the FBMACE is basically still losing strength, and the weakness is expected to remains intact, until the MACD histogram should form a Rounding Bottom.

In short, the short term weakness of the FBMACE is still in place. However, whether the FBMACE would resume its uptrend or form a downtrend, we will have to see if the FBMACE would form a higher-low first, or a lower-high first.

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