As indicated by A, the FBMACE had its intra-day low breaking below the Bollinger Middle Band. But it managed to close at above the Bollinger Middle Band as well as the 4329 WinChart Automatic Fibonacci Retracement. Therefore, the Bollinger Middle Band is still the dynamic support for the FBMACE, while the 4329 WinChart Automatic Fibonacci Retracement is still the support for the FBMACE. Resistance for the FBMACE is still at 4488 WinChart Automatic Fibonacci Retracement.

As shown on the chart above, the Bollinger Bands contracted 17%, suggesting that the FBMACE is still consolidating. Generally, when the Bollinger Bands Width contracts, it does not only suggests that the FBMACE is consolidating, it also implies that the FBMACE is preparing for a new movement, and the new movement shall only be revealed once the Bollinger Bands re-expands.

As circled at B, the Stochastic failed to break above 70% level, but instead, ended lower. Therefore, the FBMACE has not returned to its short term bullishness, while still consolidating. If the Stochastic should continue falling, and break below 30% level, it would be a signal suggesting that the short term movement of the FBMACE is turning bearish biased.

As circled at C, the MACD histogram is still falling, while the Rounding Top is still clearly visible. This shows that the consolidation of the FBMACE is still intact and the consolidation is expected to continue, until the MACD histogram should form a Rounding Bottom.

Despite some signs of weakening short term movement for the FBMACE, it is still supported by the Bollinger Middle Band as well as the 4329 WinChart Automatic Fibonacci Retracement. Therefore, it has not formed a downtrend yet. Nonetheless, as the Bollinger Bands is still contracting, it is too early to speculate what the next direction would be. Until the Bollinger Bands should expands, with the FBMACE above the Bollinger Middle Band, it would be a bullish signal, otherwise, when the Bollinger Bands expands with the FBMACE below the Bollinger Middle Band, it would be bearish signal.

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