As shown on the chart above, the FBMACE gained 26.99 points or 0.57% to close at 4724.77 points on Monday. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic support to the FBMACE while the uptrend remains intact. Immediate resistance for the FBMACE is at 4750.

As indicated by B, the Stochastic is breaking above 70%, re-entering the short-term bullish territory. If the Stochastic should remains above 70%, the it suggests that the Short-term movement of the FBMACE is still positive.

As indicated by C, despite that the +DI line of the DMI is not rising, it is still staying above the -DI line, which suggests that the uptrend of the FBMACE is still in placed. This positive signal shall remains intact, until the -DI should pick up and break above the +DI line.

In conclusion, the uptrend of the FBMACE remains intact, while the technical outlook for the FBMACE is also positive. If the FBMACE could break above 4750, this uptrend is likely to be extended, and the next resistance for the FBMACE would be at 5000 psychological level.