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As indicated
by A, the FBMACE retreated and tested the
31-day Exponential Moving Average again on
Friday. The FBMACE fell 33.27 points or 0.8%
to close at 4132 points. The 14, 21, 31 EMA
is still serving as the dynamic support
while the resistance remains at 4350 level.
As indicated
by B, the Stochastic retreated and fall
below 30% by margin, if the Stochastic
should returned back to below 30%, it
suggests that the short term movement of the
FBMACE is still weak.
As indicated
by C, the MACD histogram is still falling,
thus not showing any Rounding Bottom signal.
This suggests that the FBMACE is not yet
gaining any strength.
In conclusion,
the uptrend of the FBMACE remains intact.
However, technical indicators like
Stochastic and the MACD histogram is still
showing weakness of the FBMACE.
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