As indicated by A, the FBMACE ended almost flat again on Friday, closing at 4300.47 points, gaining only 2.55 points. The 14, 21 31 EMA is still serving as they dynamic support to the FBMACE. Resistance for the FBMACE stays at 4350.

As indicated by B, the Stochastic fell slightly, but remains above 90%, which is the short term over-bought region. This suggests that the FBMACE is still at its over-heated condition, but as long as the Stochastic could stay above 70%, the short term technical outlook for the FBMACE remains positive.

As circled at C, the MACD histogram is still rising, but at a slower pace. If the MACD histogram should begin to retreat and form a Rounding Top, it would be a signal suggesting a beginning of a technical correction or the FBMACE is entering its consolidation stage.

In conclusion, the FBMACE is likely to consolidate, but after the consolidation and if the FBMACE could form higher-lows, it would be an early signal suggesting a possible uptrend formation. Of course, the FBMACE would have to break above 4350 in order to extend the possible uptrend.