On Thursday, the FBMACE rebounded 20.38 points or 0.48%, to close at 4266.45 points. As indicated by A, the FBMACE is still supported by the rising 14, 21, 31 EMA dynamic support, thus the uptrend is still intact. Resistance for the FBMACE remains at 4500 level.

As indicated by B, the Stochastic remains above 70%, in the short term bullish territory. This suggests that the FBMACE short term movement is still positive.

As indicated by C, although the +DI of the DMI is not yet rising, it is still staying above the -DI line, thus the bullish signal remains intact, and this suggests that the FBMACE uptrend is still intact.

In conclusion, with the FBMACE above the 14, 21, 31 EMA dynamic, the technical outlook for the FBMACE remains positive, while the uptrend is still intact.

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