Meanwhile, the Bollinger Bands contracted 11%, suggesting that the FBMACE is consolidating, and the consolidation is expected to carry on until the re-expansion of the Bollinger Bands.

As circled at B, the Stochastic breaks below 70%, suggesting the FBMACE is now having its technical correction, and the short term movement is likely to turn weaker unless the Stochastic should return to above 70% immediately.

As circled at C, the MACD histogram is still falling, thus forming a Rounding Top, suggesting a weakening short term movement for the FBMACE. The weakening movement shall remains intact until the MACD histogram should form a Rounding Bottom.

In conclusion, the FBMACE started its technical correction, and if it should break below the 14, 21, 31 EMA, there is a risk of the FBMACE to resume its downtrend. Generally, the re-expansion of the Bollinger Bands with the FBMACE below the Bollinger Middle Band, would confirm such signal.

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