As shown on the chart, the Bollinger Bands contacted again, as the FBMACE continue its sideways consolidation. The trendless movement is expected to carry on until the Bollinger Bands re-expands.

As circled at B, the Stochastic is still falling after breaking marginally below 50%. However, it has not broken below 30%, thus it has not triggered a short term bearish signal yet.

As circled at C, the MACD histogram is still falling, and therefore, it is still showing a Rounding Top signal. Technically, as long as the MACD histogram is still falling, it implies that the FBMACE is losing strength.

In conclusion, the FBMACE has not broken away from its consolidation stage, until the Bollinger Bands re-expands. Meanwhile, as the FBMACE is consolidating trendless, the 14, 21, 31 EMA is temporary dysfunctional.

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