Meanwhile, the Bollinger Bands contracted 15%, suggesting that the FBMACE is still consolidating, and the market direction is expected to be unclear, until the re-expansion of the Bollinger Bands. With the FBMACE above the Bollinger Middle Band, the immediate technical outlook is expected to be on the positive side.

As circled at B, the Stochastic fell below 70% by margin on Monday, and if the Stochastic should stay below 70%, it would be an end to the short term bullish signal. If the FBMACE should continue to consolidate, the Stochastic is expected to stay around 50% level.

As circled at C, the MACD histogram is still falling, as it suggests that the FBMACE is still losing strength. The weakening movement of the FBMACE is expected to continue until the MACD histogram should form a Rounding Bottom.

In short, the uptrend is unaffected but the FBMACE is expected to stay in consolidation, until the re-expansion of the Bollinger Bands. If the Bollinger Bands should re-expand with the FBMACE above the Bollinger Middle Band, there is a good chance that it would resume the uptrend.

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