Meanwhile, the Bollinger Bands continues to contract, suggesting that the FBMACE is still consolidating, but immediate technical outlook remains positive as the FBMACE is above the Bollinger Middle Band.

As circled at B, the Stochastic retreated slightly, but still above 70%, in the short term bullish region. This suggests that the short term movement of the FBMACE is still bullish bias.

As circled at C, the MACD histogram is still falling, and until now, it has not formed a Rounding Bottom. This suggests that the FBMACE is still consolidating, and still gradually losing its strength. The weakening of the FBMACE is expected to carry on until the MACD histogram should form a Rounding Bottom.

In short, the uptrend of the FBMACE remains unaffected, but the upside room for the FBMACE is temporary capped by the 4330 level. The FBMACE is expected to stay in its consolidation mood until the re-expansion of the Bollinger Bands.

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