As indicated by A, the FBMACE was still resisted by the 14, 21, 31 EMA as well as the L1 downtrend line, losing 30.46 points or 0.7%, to close at 4133.46 points. Support for the FBMACE remains at 4113 WinChart Automatic Fibonacci Retracement followed by the 4000 mark.

As indicated by B, the Stochastic is now testing 30%. If the Stochastic should break below 30%, it would be a short term bearish signal for the FBMACE.

On Tuesday, the MACD histogram started falling, as it suggests a weakening movement for the FBMACE. Meanwhile, the MACD line stays below zero level, and this suggests that the mid to long term view of the FBMACE is still weak.

In conclusion, the FBMACE technical outlook remains weak, unless the FBMACE could successfully break above the L1 downtrend line or the 14, 21, 31 EMA dynamic resistance.