As indicated by A, after breaking marginally above the 4260 resistance on Friday, the FBMACE continue its upside movement on Monday, gaining another 59.61 points or 1.4%, to close at 4328.22 points. Next resistance for the FBMACE is at 4500 while the 14, 21, 31 EMA is still serving as the dynamic support.

As indicated by B, the Stochastic remains above 70%, in the short term bullish territory. This suggests that the FBMACE short term movement is still positive. In fact, since breaking above the 14, 21, 31 EMA in early October, the FBMACE has been trending up.

As indicated by C, the +DI line of the DMI ticked up on Monday, while still able to stay above the -DI line. This suggests that the volatility of the FBMACE is still on the positive side, thus the DMI is still showing a mid term bullish signal.

In conclusion, the uptrend of the FBMACE remains intact, and the technical outlook for the FBMACE is also positive.

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