Meanwhile, the Bollinger Bands expanded on Tuesday, but only 7%. With the FBMACE still above the Bollinger Middle Band, the immediate technical outlook is still positive. If the Bollinger Bands should begin to contract, it would be a signal suggesting a consolidation for the FBMACE. Support for the FBMACE is at 3900 while the resistance is at 4150.

As circled at B, the Stochastic retreated slightly, but still above 70%, suggesting that the short term movement of the FBMACE is still bullish bias. If the Stochastic should break below 70%, it would be a signal suggesting a beginning of a technical correction.

As circled at C, the MACD histogram is still rising, suggesting that the FBMACE is still picking up strength, until the MACD histogram should form a Rounding Top. If the MACD histogram should form a Rounding Top, it suggests that the FBMACE is losing strength.

In short, the FBMACE has been rising in the short term, but it has not have any correction. With the formation of a doji candlestick, it implies that a correction is likely, but as long as the FBMACE is still above the 14, 21, 31 EMA, the overall mid term uptrend shall remains intact.

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