As indicated by A, the FBMACE had its intraday touching the 14-day EMA, and this suggests that the 14, 21, 31 EMA is still serving as the dynamic support. Meanwhile, the Bollinger Bands is still contracting, and this suggests that the consolidation of the FBMACE is still in place.

As circled at B, the Stochastic fell below 70% by margin, and if the Stochastic should stay below 70%, it would be an end to the short term bullish signal. If the Stochastic should break below 30%, it would be a short term bearish signal for the FBMACE.

As circled at C, the MACD histogram is still falling, and this suggests that the FBMACE is still losing strength, which is normal as the FBMACE is consolidating. Nevertheless, the weakening movement of the FBMACE is expected to continue until the MACD histogram should form a Rounding Bottom.

In consolidation, despite the consolidation signals, the technical outlook for the FBMACE remains positive as the dynamic support is still intact.

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