Despite that the KLCI was falling on Wednesday, the FBMACE continue its uptrend gaining another 24.73 points to close at 4805.24 points. As indicated by A, since rebounding from the 14, 21, 31 EMA and forming higher-lows, the FBMACE is extending its uptrend, with the 14, 21, 31 EMA continue serving as the dynamic support.

As indicated by B, the Stochastic remains above 70%, and this suggests that the short-term movement of the FBMACE is still positive.

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

In conclusion, the technical outlook for the FBMACE remains positive, and currently, there is no signs of any bearish reversal yet. Provided that the FBMACE could repeat forming higher-lows, and remains supported by the rising dynamic support, the FBMACE is likely to be trending higher.