Meanwhile, the Bollinger Bands expanded 4%, with the FBMACE above the Bollinger Middle Band, thus the Bollinger Bands is still suggesting a bullish signal, despite its expansion was not significant.

As circled at B, the Stochastic retreated slightly, but still above 70%, and therefore, the Stochastic is still suggesting a short term bullish signal for the FBMACE. '

As circled at C, the MACD histogram is rising, and there is still a signal of a Rounding Bottom formation. Nevertheless, provided that the MACD histogram is rising, it suggests that the FBMACE is picking up strength.

In short, primary indicators such as the 14, 21, 31 EMA as well as the Bollinger Bands are suggesting bullish signal for the FBMACE, thus the uptrend remains intact. If the Bollinger Bands should start contracting again or the Stochastic breaking below 70%, it would be a signal suggesting a beginning of a technical correction.

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