Meanwhile, the Bollinger Bands expanded another 6%, with the FBMACE above the Bollinger Middle Band, thus immediate technical outlook is turning positive. Support for the FBMACE is at 3622 while the resistance remains at 3892 WinChart Automatic Fibonacci Retracement.

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

As circled at C, the MACD histogram continued to rise, and until now, no Rounding Top is sighted yet. This suggests that the FBMACE is still improving, and picking up some strength, and the positive momentum is expected to carry on until the MACD histogram should form a Rounding Top.

In conclusion, indicators are still showing positive signals, but the breakout is yet to be confirmed. Nevertheless, immediate technical outlook shall remains positive provided that the Bollinger Bands is still expanding with the FBMACE above the Bollinger Middle Band.

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