Meanwhile, the Bollinger Bands is still contracting, (contracting 18%), and this suggests that the FBMACE is still consolidating. However, immediate technical outlook for the FBMACE is on the positive side, and if the Bollinger Bands should re-expand, while the FBMACE stays above the Bollinger Middle Band, more upside movement is likely for the FBMACE.

As circled at B, the Stochastic breaks above 70%, entering the short term bullish territory. Technically, if the Stochastic could stay above 70%, the short term bullish movement is expected to carry on.

As circled at C, the MACD histogram is still rising, thus showing the Rounding Bottom Signal. This suggests that the FBMACE movement is still improving, and the improvement is expected to carry on until the MACD histogram should form a Rounding Top.

In conclusion, the FBMACE is still showing signs of improvements, and if the FBMACE could successfully break above the 14, 21, 31 EMA, it would break away from its downtrend.

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