As indicated by A, the FBMACE rebounded above the 14, 21, 31 EMA dynamic support on Friday, gaining 42.21 points or 0.91% to close at 4697.78 points. Resistance for the FBMACE remains at 4750.

As indicated by B, the Stochastic also rebounded on Friday, and now testing 70%. If the Stochastic could break above 70%, it would be returning to the short-term bullish territory, suggesting that the short-term movement of the FBMACE is still bullish biased.

As indicated by C, the DMI +DI line remains above -DI line, suggesting that the uptrend of the FBMACE remains intact.

In conclusion, the uptrend of the FBMACE is not affected by the correction earlier, while the technical outlook for the FBMACE remains positive. In fact, if the FBMACE could rebound from the 14, 21, 31 EMA and forms higher-lows, the uptrend is likely to be extended.