|
As shown on
the chart above, the FBMACE gained 19.14
points or 0.42% on Friday, to close at
4536.63 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 remains at 4541.
As indicated
by B, the Stochastic stays 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 +DI line of the DMI is still
falling, but not yet breaking below the -DI
line. This suggests that the bullish signal
is still intact. The falling of the +DI line
for the moment, implies a consolidating
stage of the FBMACE.
In conclusion,
the FBMACE uptrend is still intact, and the
technical outlook remains positive, provided
that the FBMACE is still supported by the
14, 21, 31 EMA dynamic support.
|