As indicated by A, the FBMACE was testing the 14, 21, 31 EMA dynamic resistance last week, but failed to break away from the 14, 21, 31 EMA dynamic resistance. On Monday, the FBMACE fell 65.26 points or 1.69%, to close at 3789.61 points. Support for the FBMACE is at 3640.

As indicated by B, the Stochastic fell below 70% by margin on Monday, and if the Stochastic should failed to return to above 70% immediately, the short term bullish signal would come to an end. If the Stochastic should later break below 30%, it would be a short term bearish signal for the FBMACE.

As indicated by C, the MACD histogram is still rising. If the MACD histogram should form a Rounding Top, it means that the FBMACE is losing strength. Meanwhile, the MACD line is still below the zero level, and this suggests that the mid to long term movement of the FBMACE is still weak.

In conclusion, despite last week's technical rebound, the FBMACE downtrend remains intact. With the FBMACE resisted by the 14, 21, 31 EMA, it is likely to form lower-highs again, and the technical outlook shall remains negative.

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