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On Tuesday,
the FBMACE retreated 24.90 points or 0.55%,
but as indicated by A, the FBMACE is still
supported by the 14, 21, 31 EMA dynamic
support, and the uptrend remains intact. The
immediate resistance for the FBMACE is at
4541 points.
As indicated
by B, the Stochastic remains above 70%, in
the short term bullish territory. This
suggests that the short term movement of the
FBMACE is still positive.
As indicated
by C, the DMI +DI line is still above the
-DI line, with the ADX rising together with
the +DI line, this suggests that the FBMACE
is still trending up.
In conclusion,
the technical outlook for the FBMACE remains
positive, and if the FBMACE should rebound
from the 14, 21, 31 EMA and form
higher-lows, the uptrend is likely to be
extended.
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