On Tuesday, the FBMACE fell 41.87 points or 0.88% to close at 4704 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the FBMACE while the resistance remains at 4750.

As indicated by B, the Stochastic retreated slightly, but not yet breaking below 70%. If the Stochastic should break below 70%, it would be a signal suggesting a beginning of a short term technical correction.

As circled at C, the MACD histogram is falling, and formed a Rounding Top. The falling of the MACD histogram suggests that the FBMACE is losing strength, or the FBMACE is consolidating. The weakening of the FBMACE is expected to continue until the MACD histogram should form a Rounding Bottom.

In conclusion, the FBMACE is likely to consolidate or have its technical correction after its short term over-bought condition, but the uptrend remains intact for the FBMACE, and its technical outlook shall remain positive, as long as the FBMACE could stay above the rising 14, 21, 31 EMA.