Meanwhile, the Bollinger Bands has not expanded, suggesting that the FBMACE is still consolidating while the direction is still unclear. Therefore, we have to wait till the Bollinger Bands to re-expand, then only we can determine the new direction for the FBMACE.

As circled at B, the Stochastic is still falling, but it has not broken below 30%, suggesting that the short term movement of the FBMACE is still weakening. If the Stochastic should break below 30%, it would be a short term bearish signal for the FBMACE.

As circled at C, the MACD histogram is still falling, while the Rounding Top is still in-sight. If the MACD histogram is still falling, the weakening of the FBMACE is expected to carry on, until the MACD histogram should form a Rounding Bottom.

In conclusion, the FBMACE is weakening, but since the Bollinger Bands has not expanded, there is no confirmation for the moment. If the Bollinger Bands should re-expanded with the FBMACE below the Bollinger Middle Band, it would be a bearish signal for the FBMACE. Other wise, if the Bollinger Bands should expand with the FBMACE above the Bollinger Middle Band, it would be a bullish biased signal.

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