As indicated by A, the FBMACE is still falling, breaking below the 4050 by margin, losing 38.59 points or 0.95% to close at 4027.07 points on Thursday. Since the FBMACE has only broken below the 4050 level by margin, the bearish break out is yet to be confirmed. Nevertheless, next support for the FBMACE is at 3884 Fibonacci.

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

Meanwhile, as circled at C, the MACD histogram is still falling, thus unable to form a Rounding Bottom. The falling of the MACD histogram suggests that the FBMACE is still losing strength.

In conclusion, with the FBMACE staying below the 14, 21, 31 EMA dynamic resistance, the technical outlook for the FBMACE is negative. If the FBMACE should break below 4000, it would be forming a downtrend.