FBMACE-2012-03-01e

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As indicated by A, the FBMACE fell 57.07 points or 1.21%, while testing the 14, 21 ,31 EMA dynamic support. Resistance for the FBMACE remains at 4834 points.

As indicated by B, the Stochastic breaks below 30%, entering the short-term bearish territory. This suggests some short-term weakness for the FBMACE, and if the Stochastic should continue to stay below 30%, the short-term movement of the FBMACE is likely to be weaker.

As indicated by C, the DMI -DI line breaks above +DI line by margin. If the -DI line should continue to stay above the +DI, it suggests that the uptrend of the FBMACE is being interrupted, but not yet a bearish reversal signal.

In conclusion, the FBMACE is testing its dynamic support with some short-term weakness, but not yet showing any signs of a reversal, not until the FBMACE should form Lower-highs, which will be one of the downtrend formation characteristics.

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