As indicated by A, the FBMACE had its intra-day low reaching 4081.95 points, but started to rebound during the afternoon session, and it manged to close at 4139.71 points, with a loss of only 11.72 points or 0.14%. The L1 line is still the downtrend line of the FBMACE while the support is at 4000.

As circled at B, the Stochastic stays above 70%, in the short term bullish territory. This suggests that the short term movement of the FBMACE is still positive.

As indicated by C, the MACD line continue rising, and as a result, the MACD histogram is also rising, which suggests that the FBMACE short term is picking up some strength. However, as the MACD line is still below the zero line, this suggests that the mid to long term movement of the FBMACE is still weak.

In conclusion, despite the short term positive signal, the downtrend of the FBMACE remains intact, and the technical outlook for the FBMACE remains negative. The short term positive signal of the Stochastic could be viewed as a technical rebound signal in the downtrend. Technically, the FBMACE would have to break above the L1 line, then form a Higher-Low, then only it is a signal of bullish reversal.

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