Resistance for the FBMACE is at 4330 while the 14, 21, 31 EMA dynamic support remains intact. Meanwhile, the Bollinger Bands contracted 12%, and this suggests that the FBMACE is still consolidating, while the direction shall remain unclear, until the re-expansion of the Bollinger Bands.

As circled at B, the Stochastic fell below 70%, and ended the short term bullish signal. This suggests that the FBMACE could not sustain its short term bullishness, and resumes its consolidation stage. If the Stochastic should break below 30%, it would be a short term bearish signal for the FBMACE.

As circled at C, the MACD histogram is still falling, while not forming any rounding Bottom yet. This suggests that the FBMACE is still losing strength, thus the FBMACE is expected to stay weak, until the MACD histogram should form a Rounding Bottom.

In short, the FBMACE failed to resumes its uptrend, as it is still capped by the 4330 resistance. However, the overall uptrend is still intact, as the 14, 21, 31 EMA dynamic support remains in position.

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