Meanwhile, the FBMACE is still supported by the 14, 21, 31 EMA, and if the FBMACE should break below this dynamic support, the immediate technical outlook shall turn negative.

As circled at B, the Stochastic is still falling, suggesting that the FBMACE is having its correction, but not yet entering a short term bearish trend. Technically, if the Stochastic should break below 30% level, it would be a signal suggesting a short term bearish signal.

As circled at C, the MACD histogram is still falling, and therefore, forming a Rounding Top. The Rounding Top suggests that the FBMACE is gradually losing strength, and the weakening movement is expected to carry on until the MACD histogram should form a Rounding Bottom.

In conclusion, technical indicators is still suggesting some weakening signals, but the FBMACE is still supported by the 14, 21, 31 EMA. Meanwhile, the Bollinger Bands is still contracting, suggesting that the FBMACE is still consolidating, while also preparing for a new movement, and the direction of the new movement will only be revealed once the Bollinger Bands re-expands.

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