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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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