As indicated by A, the FBMACE continues its technical rebound on Tuesday, with its intra-day high reaching 3884.59 points. However, as it was getting closer to the 14, 21, 31 EMA, it started to retreat, giving up some of its gains, and close with a gain of 25.81 points or 0.68%. This suggests that the 14, 21, 31 EMA is still the dynamic resistance for the FBMACE, while the support is at 3640.

As indicated by B, the Stochastic breaks above 30% marginally on Tuesday. Since the signal is not significant, it is yet to be confirmed. Nevertheless, if the Stochastic could successfully break above 30%, it means that the FBMACE is breaking away from its short term bearish movement.

As indicated by C, the MACD histogram continues to rise as the FBMACE extended its rebound. The MACD histogram is forming a Rounding Bottom, and this suggests that the FBMACE is picking up some strength for the short term. However, the mid to long term movement of the FBMACE is still weak.

In conclusion, despite rebounding for 5 consecutive days, the downtrend of the FBMACE is still intact. With the FBMACE still staying below the 14, 21, 31 EMA dynamic resistance, the technical outlook for the FBMACE is still weak.

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