On the other hand, the Bollinger Bands did not expand, suggesting that the FBMACE movement is still unclear for now. Therefore, we still have to wait until the re-expansion of the Bollinger Bands, then only we could determine the possible direction based on the position of the FBMACE above or below the Bollinger Middle Band.

As circled at B, the Stochastic is still falling, but it has not broken below 30%, thus the short term movement of the FBMACE is not yet bearish. Generally, if the Stochastic should stay around 50%, the short term movement of the FBMACE is likely to stay in sideways movement.

As circled at C, the MACD histogram is still falling, forming a Rounding Top. This suggests that the FBMACE is losing some strength, and if the MACD histogram should continue falling, the weakening of the FBMACE is expected to carry on.

In short, despite some technical indicators are showing some bearish biased signs, the FBMACE is still above the 14, 21, 31 EMA, thus the technical outlook has not turned bearish.

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