Meanwhile, the Bollinger Bands is still contracting, suggesting that the FBMACE is still consolidating. However, immediate technical outlook shall remains on the negative side unless the FBMACE could break above the Bollinger Middle Band.

As circled at B, the Stochastic is still below 30%, in the short term bearish region. Therefore, the short term movement of the FBMACE is likely to stay weak, until the Stochastic could break above the 30% level successfully.

As circled at C, the MACD histogram continued ticking higher, and the Rounding Bottom signal remains in-sight. The rising of the MACD histogram suggests that the FBMACE movement is improving, or the FBMACE is picking up some strength.

In conclusion, the FBMACE is still consolidating, or it might have a chance of a technical rebound. However, technical outlook remains weak, as the FBMACE is still resisted by the Bollinger Middle Band, followed by the 14, 21, 31 EMA.

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