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On Thursday,
the FBMACE remains in its consolidating
stage, closing 20.90 points or 0.46% higher
at 4517.49 points. As indicated by A, the
14, 21, 31 EMA is still serving as the
dynamic support to the FBMACE, and the
resistance for the FBMACE is still at 4541.
As circled at
B, the Stochastic stays above 70%, in the
short term bullish region. This suggests
that the short term movement of the FBMACE
is still positive.
As indicated
by C, the +DI line is falling, but still
above the -DI line, and this suggests that
the FBMACE uptrend is still intact.
In conclusion,
the uptrend of the FBMACE is still intact,
but only consolidating, above the 14, 21 ,31
EAM dynamic support. The technical outlook
for the FBMACE is still positive.
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