Meanwhile, the Bollinger Bands re-expanded 21%, with the FBMACE above the Bollinger Middle Band, thus suggesting a bullish biased signal. If the Bollinger Bands should continue to expand with the FBMACE staying above the Bollinger Middle Band, more upside movement is expected.

As circled at B, the Stochastic breaks above 70%, entering the short term bullish territory, this suggests that the short term movement of the FBMACE is bullish biased, and the short term bullishness shall remains intact until the Stochastic should break below 70%.

As circled at C, the MACD histogram ticked up, and might be forming a Rounding Bottom. This suggests an improvement in the short term movement of the FBMACE, and provided that the MACD histogram is still rising, the improvement is expected to carry on.

In conclusion, immediate technical outlook turns positive as the Bollinger Bands re-expands with the FBMACE above the Bollinger Middle Band. If the Bollinger Bands could expand further, with the FBMACE above the Bollinger Middle Band, more upside movement is likely for the FBMACE.

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