FBMACE-2012-02-02e

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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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