As indicated by C, the Stochastic breaks above 50%, but it has not triggered any short term bullish signal, not until the Stochastic could successfully break above 70%.

As indicated by C, the MACD line is rising gradually, and as a result, the MACD histogram also tick up a little, suggesting some improvement in the short term movement of the FBMACE. However, with the MACD line still below the zero level, it suggests that the mid to long term movement of the FBMACE is still weak.

In conclusion, the downtrend of the FBMACE remains intact, and as long as the FBMACE is still resisted by the 14, 21, 31 EMA, the technical outlook shall stay negative. Support for the FBMACE is at 4113 WinChart Automatic Fibonacci Retracement followed by the 4000 psychological support.

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