As indicated by A, since resisted near the 4350 resistance last week, the FBMACE retreated another 34.98 points or 0.81% on Monday, closing at 4265.49 point. The 14, 21, 31 EMA is serving as the dynamic support to the FBMACE, while the next support is at 4000.

As indicated by B, the Stochastic is still falling, but remains above 70%, in the short term bullish territory. This suggests that the short term movement of the FBMACE is still positive.

As circled at C, the MACD histogram started to fall, and might be forming a Rounding Top. The falling of the MACD histogram suggests that the FBMACE is now losing strength, as the FBMACE is consolidating or having its technical correction.

In conclusion, it is normal for the FBMACE is retreat after being resisted by the resistance. If the FBMACE could rebound from the 14, 21, 31 EMA, and form higher-lows, it would be forming one of the characteristics of an uptrend formation, but then the FBMACE would have to break above 4350 resistance, or else, the upside room is still limited.