As indicated by A, the FBMACE gained 50.71 points or 1.18%, to close at 4337.26 points. The FBMACE is set to test the 4350 resistance, while the 14, 21, 31 EMA is still serving as the dynamic support.

As indicated by B, the Stochastic is still staying above the 70% level, suggesting that the short term movement of the FBMACE is still positive. Meanwhile, the Stochastic is now touching 100% again. If the Stochastic should consecutively staying at 100%, it means that the short term movement of the FBMACE is getting over-heated again.

As circled at C, the MACD histogram is still falling, but at a slower pace. If the MACD histogram should tick up, it would be forming a Rounding Bottom, suggesting that the FBMACE is picking up some strength again.

In conclusion, the technical outlook for the FBMACE remains positive. If the FBMACE could break above 4350 resistance, it would resume its uptrend movement. Next resistance for the FBMACE is at 4435 followed by 4750.