As indicated by A, the FBMACE was precisely supported by the 14, 21, 31 EMA dynamic support on Friday, regaining 33.98 points or 0.73% to close at 4710.36 points. Resistance for the FBMACE remains at 4834 followed by the 5000 psychological level.

As indicated by B, the Stochastic rebounded on Friday, breaking above 30%, and leaving the short-term bearish territory. Technically, if the Stochastic should stay between 30% - 70% level, it means that the FBMACE is consolidating.

As indicated by C, the DMI +DI line is still staying above the -DI line, this suggests that the uptrend of the FBMACE is still intact, while no bearish signal is sighted yet for the FBMACE.

In conclusion, uptrend remains in place for the FBMACE, and provided that the FBMACE could remains supported by the rising 14, 21, 31 EMA, the technical outlook shall stay on the positive side.