Meanwhile, the Bollinger Bands re-expanded 5%, with the FBMACE above the Bollinger Middle Band, thus the Bollinger Bands is showing a bullish signal. If the Bollinger Bands could continue to expand while the FBMACE above the Bollinger Middle Band, more upside movement for the FBMACE is expected.

As circled at B, the Stochastic stays above 70%, in the short term bullish region. This suggests that the short term movement of the FBMACE is still bullish bias, and the short term bullish signal is still in effect until the Stochastic should break below 70%.

As circled at C, the MACD histogram stopped falling, and might be forming a Rounding Bottom. If the MACD histogram should form a Rounding Bottom, it would be a signal suggesting that the FBMACE is picking up strength.

In short, the FBMACE could resume its uptrend movement, after breaking above the 4330 resistance. Technically, as long as the FBMACE is supported by the 14, 21, 31 EMA dynamic support, the technical outlook shall remain bullish bias.

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