On Friday, the FBMACE rebounded 11.01 points or 0.27%, but as indicated by A, the FBMACE could be having a pullback effect after breaking below the 4050 support. The 14, 21, 31 EMA is serving as the dynamic resistance to the FBMACE and the immediate support for the FBMACE is at 4000, followed by the next support of 3884 Fibonacci.

As indicated by B, the Stochastic stays below 30%, in the short term bearish territory. This suggests that the short term movement of the FBMACE is still weak.

As circled at C, the MACD histogram stopped falling, and it could be forming a Rounding Bottom. Technically, if the MACD histogram is forming a Rounding Bottom, or the histogram is rising, it suggests that the FBMACE is picking up some strength.

In conclusion, despite the rebound on Friday, the technical outlook for the FBMACE is still weak, until the FBMACE could successfully break above the 14, 21, 31 EMA dynamic resistance.