FBMACE-2012-02-28e

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On Tuesday, the FBMACE tested the 14, 21, 31 EMA again, losing 8.2 points or 0.17% to close at 4689.21 point. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the FBMACE while the uptrend remains intact. Resistance for the FBMACE remains at 4834 followed by the 5000 mark.

As indicated by B, the Stochastic fell marginally below 30%, and entering the short-term bearish territory. If the Stochastic should stay below 30%, the short-term movement of the FBMACE is expected to be weak.

As indicated by C, the DMI +DI line descended as the uptrend of the FBMACE is consolidating in a sideways manner. Meanwhile, the -DI line is rising slowly, and if the -DI line should break above the +DI, it suggests that the uptrend is interrupted.

In conclusion, the uptrend for the FBMACE is currently intact. If the FBMACE uptrend should be interrupted, it does not mean that it would immediate reverse and form a downtrend. Usually, the FBMACE would form lower-highs before forming a bearish reversal.

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