The Bollinger Bands expanded 2%, but this is too insignificant to signal any direction for the FBMACE. Nevertheless, with the FBMACE now above the Bollinger Middle Band, the immediate technical outlook is positive, and if the Bollinger Bands should continue to expand with the FBMACE above the Bollinger Middle Band, more upside room is expected.

As circled at B, the Stochastic is testing 70% now, and if the Stochastic could break above and stay above 70%, it would be a short term bullish signal for the FBMACE.

As circled at C, the DMI is still showing a bearish signal, as the -DI line is still above the +DI line with the ADX rising together with the -DI line. In short, the bearish signal shall remains intact, until the +DI should break above the -DI line.

In conclusion, the FBMACE has not broken away from its downtrend. Technically, it has to break above the 14, 21, 31 EMA in order to break away from the downtrend. Meanwhile, readers can monitor the expansion of the Bollinger Bands.

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