As indicated by A, the FBMACE almost ended flat, gaining with only 1.85 points to close at 3565.44 points. The 14, 21, 31 EMA is still serving as the dynamic resistance to the FBMACE while the support remains unchanged at 3418.

As indicated by B, the Stochastic stays around 50%, and therefore, it is a neutral signal for the FBMACE. If the Stochastic should break above 70%, it would be a short term bullish signal for the FBMACE. On the contrary, if the Stochastic should break below 30%, it would be a short term bearish signal for the FBMACE.

As indicated by C, the MACD histogram is still not yet showing a Rounding top. Therefore, this suggests that the FBMACE is not yet losing strength. 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 downtrend for the FBMACE remains intact, and as long as the FBMACE should be resisted by the falling 14, 21, 31 EMA, the negative technical outlook shall remains intact.

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