Meanwhile, the Bollinger Bands contracted 5%, suggesting that the FBMACE is still consolidating, until the re-expansion of the Bollinger Bands. Support for the FBMACE is at 3622 while the resistance is at 3891 WinChart Automatic Fibonacci Retracement.

As circled at B, the Stochastic failed to break above 70%, and therefore, this suggests that the FBMACE is still not showing any strength in its short term movement. Nevertheless, if the Stochastic should break below 30%, it would be a short term weakening signal.

As circled at C, the MACD histogram has not formed a Rounding Bottom, thus suggesting that the FBMACE is still consolidating. Meanwhile, the MACD line is still below the zero line, suggesting that the mid to longer term movement of the FBMACE is still weak.

In short, indicators such as the Bollinger Bands as well as the 14, 21, 31 EMA are suggesting a trendless movement for the FBMACE, and therefore, we shall wait for the re-expansion of the Bollinger Bands.

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