Meanwhile, the Bollinger Bands contracted 1%, suggesting that the FBMACE is still consolidating, until the re-expansion of the Bollinger Bands. Support for the FBMACE is at 3622 WinChart Automatic Fibonacci Retracement, while the resistance is at 3891 WinChart Automatic Fibonacci Retracement.

As circled at B, the Stochastic failed to break above 70% level, suggesting that the short term movement of the FBMACE has not gained its strength. Generally, if the Stochastic should consolidate sideways, the Stochastic is likely to stay around 50% level.

As circled at C, the MACD histogram is still falling, thus the Rounding Top is still intact. This suggests that the FBMACE is still losing strength, and the weakening movement of the FBMACE is expected to carry until the MACD histogram should form a Rounding Bottom.

In short, the FBMACE is still trendless while preparing for a new movement. If the Bollinger Bands should re-expand with the FBMACE above the Bollinger Middle Band, more upside movement is expected. Otherwise, if the Bollinger Bands should expand with the FBMACE below the Bollinger Middle Band, it would be a negative signal.

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