As indicated by A, the FBMACE continue to rebound on Thursday, after finding its support near the 4000 psychological level. The FBMACE is now testing the L1 downtrend line, but at the moment, the downtrend remains intact.

As indicated by B, the Stochastic breaks above 70% on Thursday, entering the short term bullish territory. This suggests that the short term movement of the FBMACE is picking up some strength, but does not means that the FBMACE trend is turning bullish.

As indicated by C, the MACD line continue to rebound as the FBMACE rebounded, but the MACD line stays below zero level, suggesting that the mid to long term movement of the FBMACE is still on the weaker side.

In conclusion, with the FBMACE rebounding near 4000 level, it helps the FBMACE trend from getting weaker, temporary. However, despite the rebound, the downtrend of the FBMACE remains intact, and as long as the FBMACE is still staying below the L1 line, the technical outlook for the FBMACE is likely to stay weak.

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