Despite the strong gain of the KLCI, the FBMACE ended lower on Wednesday, and even tested the 4050 support. The FBMACE closed at 4066.39 points, downed 13.19 points or 0.32%. (Study A). Next support for the FBMACE is at 3884 Fibonacci Retracement line.

As indicated by B, the Stochastic stays below 30%, in the short term bearish territory, suggesting that the FBMACE short term movement is still weak.

As circled at C, the MACD histogram is still falling, suggesting that the FBMACE is still losing strength, and the weakness is expected to continue, until the MACD histogram should form a Rounding Bottom.

In conclusion, the FBMACE has already shown its weakness, when it formed lower-highs, but since it has not broken below 4000~4050 support, it has not formed a downtrend. If the FBMACE could rebound from 4000~4050, it would continues its consolidation within the Descending Triangle.