As indicated by A, the FBMACE tested the 14, 21, 31 EMA dynamic resistance on Thursday, and it was precisely resisted by the 14, 21, 31 EMA dynamic and started falling again, losing 41.38 points or 1.06%. Support for the FBMACE is at 3640.

As indicated by B, the Stochastic is still rising gradually, but failing to break above 50%, and therefore, it is not showing any short term positive signal for now. On the other hand, if the Stochastic should begin falling again, and later breaking below 30%, it would be a short term bearish signal for the FBMACE.

As indicated by C, the MACD histogram has not formed Rounding Top, thus not yet suggesting any weakening movement for the FBMACE. However, the MACD line remains below zero level, suggesting that the mid to long term movement of the FBMACE is still weak.

In conclusion, the technical outlook for the FBMACE remains weak, and now that the FBMACE is resisted by the 14, 21, 31 EMA dynamic resistance, there is a chance that the FBMACE could form a Lower-High, if so, it suggests that the downtrend of the FBMACE is still intact.

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