Meanwhile, the Bollinger Bands expanded 46%, with the FBMACE above the Bollinger Middle Band, thus giving a bullish signal. Support for the FBMACE remains at 3622 WinChart Automatic Fibonacci Retracement while the resistance is at 3891 WinChart Automatic Fibonacci Retracement.

As circled at B, the Stochastic returned to above 70%, in the short term bullish territory. Technically, if the Stochastic could stay above 70%, the short term movement of the FBMACE is expected to be on the positive side, until the Stochastic should break below 70%, then it would be a signal suggesting a technical correction.

As circled at C, the MACD histogram is rising, and might be forming a Rounding Bottom. If the MACD histogram should continue rising, it suggests that the FBMACE is picking up strength.

In short, with the FBMACE rebounding from the 14, 21, 31 EMA, coupled with positive signals from the Stochastic and the MACD histogram, the immediate technical outlook is positive. If the Bollinger Bands should continue to expand, with the FBMACE above the Bollinger Middle Band, expect more upside movement for the FBMACE.

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