As indicated by A, the FBMACE continue to rebound on Thursday, after successfully supported by the 31-day EMA. The FBMACE gained 35.07 points or 0.85% to close at 4165.27. This suggests that the uptrend of the FBMACE is still intact. Resistance for the FBMACE remains at 4350, while the 14, 21, 31 EMA is still serving as the dynamic support.

As indicated by B, the Stochastic breaks above 30%, leaving the short term bearish territory. This is also a signal suggesting a beginning of a technical rebound for the FBMACE.

Despite that the uptrend of the FBMACE is still intact, the MACD histogram has not shown a Rounding Bottom. This suggests that the FBMACE is not yet gaining strength. Since there is a conflict of signals between technical indicators, we shall refer to the primary indicators, ie the Bollinger Bands and the Moving Average.

In conclusion, the technical outlook for the FBMACE remains positive, but as far as the continuation of the uptrend, the FBMACE would have to break above its resistance of 4350.