Meanwhile, the Bollinger Bands expanded 2%, but the expansion was insignificant, thus not able to suggests any signal. Nevertheless, if the FBMACE should continue staying above the Bollinger Middle Band, the immediate technical outlook shall be on the positive side, thus there is still a chance for an uptrend formation.

As indicated by B, the Stochastic rebounded on Friday, breaking away from the short term bearish territory. If the Stochastic could stay above 70%, the short term movement of the FBMACE is expected to improve.

As circled at C, the MACD histogram stopped falling, and it might be forming a Rounding Bottom. The formation of the Rounding bottom suggests that the FBMACE is re-gaining some strength, thus improving its technical outlook.

In conclusion, since the FBMACE is now returning to above 14, 21, 31 EMA, it has avoided the risk of a downtrend, temporary. However, the FBMACE is yet to take out the overhead resistance of 3892 WinChart Automatic Fibonacci Retracement, or else, an uptrend will not form.

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