Meanwhile, the Bollinger Bands contracted another 30%, suggesting that the FBMACE is still consolidating. However, with the Bollinger Bands at this narrow, it implies that the Bollinger Bands is about to re-expand soon. If the Bollinger Bands should re-expands, it would means an end to the consolidation.

As circled at B, the Stochastic breaks above 30%, giving a short term technical rebound signal. If the Stochastic could break above 70%, it would be a short term bullish signal for the FBMACE.

As circled at C, the DMI is still showing a weak signal as the -DI line is still above the +DI line, together with the ADX rising with the -DI line. This suggests that the mid to longer term movement of the FBMACE is still weak.

In conclusion, the FBMACE has its technical rebound, but the downtrend remains intact. However, readers can monitor the Bollinger Bands closely. If the Bollinger Bands should re-expand with the FBMACE above the Bollinger Middle Band, there is a chance for the FBMACE to regain some position. However, if the Bollinger Bands should re-expand with the FBMACE below the Bollinger Middle Band, more downside movement is expected.

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