Meanwhile, the Bollinger Bands contracted 22%, suggesting that the FBMACE is still consolidating. However, with the Bollinger Bands width now so narrow, it implies that the Bollinger Bands is likely to re-expand in near future. Then, the direction of the new movement of the FBMACE would be determined by the position of the FBMACE above or below the Bollinger Middle Band.

As circled at B, the Stochastic is barely holding up above 70%. If it should break below 70%, it would mark an end to the short term bullish signal. If the Stochastic should break below 30%, it would be a short term bearish signal.

As indicated by C, the -DI line is still above the +DI line, thus the DMI is still showing a bearish signal for the mid to long term movement of the FBMACE.

In short, despite its sideways consolidation, the downtrend of the FBMACE remains intact. Nevertheless, since the Bollinger Bands has not expanded, it has not confirm whether the FBMACE would resume its downtrend movement.

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