On Monday, the FBMACE had its daily high reaching 4764.43 points, but closed at 4697.41 points, losing 12.95 point or 0.27%. Fortunately, as indicated by A, the FBMACE is still supported by the 14, 21, 31 EMA dynamic support. Resistance for the FBMACE stays at 4834 followed by the 5000 mark.

As indicated by B, although the Stochastic has not broken below 30%, it is very near. If the Stochastic should break below 30%, it would be a signal suggesting a short-term bearish biased movement for the FBMACE.

As indicated by C, the DMI +DI line remains above the -DI line, suggesting that the mid to long term movement of the FBMACE is still positive as the uptrend remains intact.

In conclusion, despite its consolidation, the uptrend of the FBMACE remains intact, and together with the support of the 14, 21, 31 EMA, the technical outlook for the FBMACE remains positive.