As indicated by A, the FBMACE had its intray-day high reaching 4126.17 points, but still closed at the 14, 21, 31 EMA dynamic resistance level, gaining 20.27 points or 0.5% for the day. Support for the FBMACE remains at 4000.

As indicated by B, the Stochastic is still rising, and now touching 70%. If the Stochastic could break above 70% successfully, it would be a short term bullish signal for the FBMACE.

As circled at C, the MACD histogram is still rising, thus no sign of forming a Rounding Top yet. This suggests that the FBMACE is still picking up strength, or the technical rebound signal remains intact.

In conclusion, despite the improvement of the FBMACE over the week, the FBMACE has not totally broken above the 14, 21, 31 EMA, thus the technical outlook has not yet turned positive. However, the FBMACE is not forming a downtrend neither for it has not shown signs of lower-highs.