In addition to that, the Bollinger Bands expanded further on Monday, with the FBMACE above the Bollinger Middle Band. Therefore, the Bollinger Bands signal is still bullish, until the Bollinger Bands should contract, which is a consolidation signal for the FBMACE.

As circled at B, the Stochastic remains above 70%, in the short term bullish territory. This suggests that the short term movement of the FBMACE is still bullish bias, but however, as the Stochastic is now touching 100%, it implies that the short term movement of the FBMACE is getting over-heated. If the Stochastic should fall and break below 70%, it would be a signal suggesting a beginning of a technical correction.

As circled at C, the MACD histogram is still rising, thus the Rounding Bottom signal remains intact, suggesting that the FBMACE is still picking up strength. The improvement of the FBMACE is expected to continue until the MACD histogram should form a Rounding Top.

In short, the uptrend remains intact as the FBMACE is firmly supported by the 14, 21, 31 EMA dynamic support.

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