Meanwhile, the Bollinger Bands expanded only 4%, and this is insignificant to suggests any signal for the FBMACE. Nevertheless, with the FBMACE still above the Bollinger Middle Band, the immediate technical outlook for the FBMACE is still on the positive side. Support for the FBMACE is at 3622 while the resistance is at 3891.

As circled at B, the Stochastic rebounded slightly, and now testing the 70% level. If the Stochastic should break above 70%, it would re-enter the short term bullish territory, thus suggesting that the short term movement of the FBMACE is turning positive.

As circled at C, the MACD histogram falling is slowing down, but it is still showing a Rounding Top. Suggesting that the FBMACE is still consolidating. If the MACD histogram should tick up, it would be a signal suggesting that the FBMACE is picking up strength again.

In short, the FBMACE is still trendless, while waiting for the re-expansion of the Bollinger Bands. If the FBMACE should stay above the Bollinger Middle Band as the Bollinger Bands expands, it would be a bullish signal, otherwise, a bearish signal.

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