Meanwhile, the Bollinger Bands continue to contract, and this suggests that the FBMACE is still consolidating, thus the direction is unclear, until the re-expansion of the Bollinger Bands, then the relative position of the FBMACE, above or below the Bollinger Middle Band, shall determine the new direction of the FBMACE.

As circled at B, the Stochastic is still falling, breaking slightly below 50%, and this shows that the FBMACE is still having its technical correction. If the Stochastic could break above 70%, it would be a signal suggesting that the FBMACE is resuming its uptrend.

As circled at C, the MACD histogram is still falling, thus no Rounding Bottom is sighted yet. The falling of the MACD histogram suggests that the FBMACE is still losing strength, until the MACD histogram should form a Rounding Bottom.

In short, the FBMACE is only having a technical correction, and consolidating, and the overall uptrend of the FBMACE is unaffected. If the FBMACE could rebound from the 14, 21, 31 EMA, it would resumes its bullish trend.

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