Meanwhile, the Bollinger Bands expanded 35%, with the FBMACE below the Bollinger Middle Band, thus the immediate technical outlook for the FBMACE is still negative, unless the Bollinger Bands could begin to contract, then only the FBMACE would consolidate. Nevertheless, support for the FBMACE is at 3622 while the resistance is at the 14, 21, 31 EMA dynamic resistance.

As circled at B, the Stochastic is still below 30%, suggesting that the short term movement of the FBMACE is still weak. Generally, the bearish short term movement is expected to continue until the Stochastic could break above 30%.

As circled at C, the MACD histogram fell further, thus no Rounding Bottom is sighted yet. Technically, this suggests that the FBMACE is still turning weaker.

In short, as long as the FBMACE is still below the 14, 21, 31 EMA, the weakening movement of the FBMACE shall remains intact. If the Bollinger Bands should contract, there is a chance for a consolidation, but it will not mean an immediate reversal.

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