As indicated by A, the FBMACE continue its falling on Monday, after forming a Lower-High last week, when resisted by the 14, 21, 31 EMA dynamic resistance. The FBMACE fell 42.03 points or 1.1%. Support for the FBMACE remains at 3640 while the resistance is 4000.

As indicated by B, the Stochastic is touching 50%, and thus showing a short term neutral signal. The Stochastic is not able to signal any bullish or bearish short term tendency of the FBMACE for now.

As indicated by C, the MACD histogram is still rising, thus not showing that the FBMACE is losing strength. However, the MACD line stays below zero level, suggesting that the mid to long term movement of the FBMACE is still weak.

There are some conflicts of signal from technical indicators at the moment, and it is due to the sharp loss of the FBMACE on the 8^th of August, and the value of these technical indicators (i.e MACD) is not yet reflecting the true movement of the FBMACE. Therefore, the priority of the analysis should be based on the price (or index) movement. With the FBMACE forming a Lower-High, coupled with the resistance of the dynamic resistance, the FBMACE downtrend is still intact, and the technical outlook for the FBMACE remains weak.

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