As indicated by A, the FBMACE was still supported by the 14, 21, 31 EMA dynamic support, and ended 36.69 points or 0.87% higher on Wednesday. The FBMACE is likely to test its 4350 resistance.

As indicated by 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, until the Stochastic should break below 70%, then only it would be a signal suggesting a beginning of a technical correction.

As indicated by C, the MACD histogram is still rising, thus the Rounding Bottom is still intact. The rising of the MACD histogram suggests that the FBMACE is picking up strength, and the improvement is expected to continue until the MACD histogram should form a Rounding Top.

In conclusion, the uptrend of the FBMACE is still intact, while the immediate technical outlook for the FBMACE is also positive. If the FBMACE could break above 4350 resistance, the uptrend is likely to be extended, and the next resistance is at 4500.