Meanwhile, the Bollinger Bands expanded 18%, with the FBMACE still below the Bollinger Middle Band, thus the immediate technical outlook for the FBMACE is still bearish biased. If the Bollinger Bands should begin to contract, it would be a signal suggesting a consolidation.

As circled at B, the Stochastic remains below 30%, in the short term bearish territory. Therefore, this suggests that the short term movement of the FBMACE is still bearish biased. If the Stochastic could break above 30%, it would be a signal suggesting a beginning of a technical rebound.

As circled at C, the MACD histogram is still falling while not forming a Rounding Bottom yet, this suggests that the FBMACE is still losing strength, and the weakening movement of the FBMACE is expected to carry on until the MACD histogram should form a Rounding Bottom.

In short, as long as the FBMACE is still below the 14, 21, 31 EMA, the immediate technical outlook is bearish biased, and any rebound below the 14, 21, 31 EMA is only a technical rebound, not a reversal signal.

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