As indicated by A, the FBMACE tested the 14, 21, 31 EMA again on Thursday, and breaking above the 14, 21, 31 EMA by margin, gaining 9.88 points or 0.24%, to close at 4109.80 points. Since the break out is insignificant, it is yet to be confirmed. Support for the FBMACE stays at 4000.

As indicated by B, the Stochastic is still rising and break above the 70%, entering the short term bullish territory. If the Stochastic could stay above 70%, it suggests that the short term movement of the FBMACE is likely to be positive.

As circled at C, the MACD histogram is still rising, and until now there is no signs of a Rounding Top. This suggests that the FBMACE is still picking up strength, and the improvement is expected to carry on until the MACD histogram should form a Rounding Top.

In conclusion, the FBMACE break out above the 14, 21, 31 EMA is yet to be confirmed. Nevertheless, the FBMACE is not forming higher-low, nor lower-highs, thus the FBMACE is still consolidating.