As indicated by A, the FBMACE continue to rebound on Friday, gaining 37.32 points or 0.99% to close at 3794.09 points. Support for the FBMACE is at 3640 while the resistance remains at 4000 point.

As indicated by B, the Stochastic is rising gradually, but still not breaking above 30% yet, thus not showing any positive signal for the FBMACE yet.

As indicated by C, the MACD line remains below the zero level, suggesting that the mid to long term movement is still weak. Although the MACD histogram is still falling, it is slowing down, and if the MACD histogram should form a Rounding Bottom, it implies that the FBMACE is picking up some strength.

In conclusion, the FBMACE is only consolidating for now after finding its support at 3640. For now, the technical outlook for the FBMACE remains weak, as it is still below the 14, 21, 31 EMA dynamic resistance.

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