Meanwhile, the Bollinger Bands is still contracting, and this suggests that the FBMACE is consolidating or having its technical correction, and the consolidation is expected to carry on until the re-expansion of the Bollinger Bands. If the Bollinger Bands should re-expand with the FBMACE above the Bollinger Middle Band, it would be a bullish signal.

As circled at B, the Stochastic remains above 70%, despite the FBMACE retreat. This suggests that the short term movement of the FBMACE is still bullish bias, and if the Stochastic should break below 70%, it would be a signal suggesting a beginning of a technical correction.

As circled at C, the MACD histogram is still falling, thus forming a Rounding Top. The falling of the MACD histogram suggests that the FBMACE is losing strength, and the weakening of the FBMACE is expected to carry on until the MACD histogram should form a Rounding Bottom.

In short, despite the retreat of the FBMACE, the uptrend remains unaffected, as the 14, 21, 31 EMA is still supporting the FBMACE. If the FBMACE should rebound from the 14, 21, 31 EMA after its consolidation, there is a good chance that the FBMACE would resume its uptrend.

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