The FBMACE retreated 68.72 points or 1.58% on Tuesday, to close at 4271.43 points. Resistance for the FBMACE remains at 4500 while the 14, 21, 31 EMA is still serving as the dynamic support, as indicated by A.

As indicated by B, the Stochastic fell on Tuesday, but still able to stay 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 of the DMI failed to climb on Tuesday, but fortunately still above the -DI line, and this suggests that the volatility of the FBMACE is still on the positive side, thus the signal is still bullish biased.

In conclusion, the retreat on Tuesday did not have any impact to the current uptrend of the FBMACE, as the FBMACE is still supported by the rising 14, 21, 31 EMA dynamic support, and the technical outlook for the FBMACE remains positive.

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