Meanwhile, the Bollinger Bands contracted 16%, and this suggests that the FBMACE is still consolidating, until the Bollinger Bands should re-expand. With the FBMACE below the Bollinger Middle Band, the immediate technical outlook is turning negative, and if the Bollinger Bands should re-expand with the FBMACE below the Bollinger Middle Band, it would be a negative signal for the FBMACE.

As circled at B, the Stochastic is still falling, and breaking below 50%. This suggests that the FBMACE is still having its technical correction, and 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, thus it has not formed a Rounding Bottom. Technically, when the MACD histogram is falling, it suggests that the FBMACE is losing strength.

In conclusion, the FBMACE is still consolidating while supported by the 14, 21, 31 EMA. However, as the FBMACE is now below the Bollinger Middle Band, the immediate technical outlook is turning slightly negative, and the Bollinger Bands has to re-expand in order to confirm the end of this consolidation.

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