As indicated by A, the Bollinger Bands contracted 12%, suggesting that the FBMACE is still consolidating. Resistance for the FBMACE is at 4390 WinChart Automatic Fibonacci Retracement while the support is still at 4296 WinChart Automatic Fibonacci Retracement.

Technically, when the Bollinger Bands contracts, the consolidation is expected to carry on. When the Bollinger Bands should re-expands, it would be an end to the consolidation, and it marks a beginning of a new movement.

As circled at B, the WinChart RSI failed to break above 50% level, and started falling again. This suggests that the mid term movement of the FBMACE could not regain its strength. If the WinChart RSI should break below 30% level, it would be a mid term bearish signal for the FBMACE.

As circled at C, the Stochastic is still falling after breaking below 70% last week. Technically, the Stochastic has to return to above 70% level immediately in order to resume the bullish movement of the FBMACE, or else, if the Stochastic should break below 30% level, it would be a short term bearish signal for the FBMACE.

In conclusion, the FBMACE is still consolidating as the Bollinger Bands is still contracting. If the Bollinger Bands should re-expands with the FBMACE above the Bollinger Middle Band, it would be a bullish signal, other wise, if the Bollinger Bands should re-expands with the FBMACE below the Bollinger Middle Band, it would be a bearish signal.

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