Meanwhile, the Bollinger Bands expanded 3%, with the FBMACE below the Bollinger Middle Band, thus the immediate technical outlook is turning negative. If the Bollinger Bands should continue to expand while the FBMACE stays below the Bollinger Middle Band, more downside movement is likely for the FBMACE.

As circled at B, the Stochastic fell below 30%, entering the short term bearish territory. Technically, if the Stochastic should stay below 30%, the short term movement of the FBMACE is expected to be weak.

As circled at C, the MACD histogram is still falling, thus it suggests that the FBMACE is still losing strength, and the weakening movement of the FBMACE is expected to carry on until the MACD histogram should form a Rounding Bottom.

In conclusion, the FBMACE breaks below both the Bollinger Middle Band as well as the 14, 21, 31 EMA, thus the technical outlook is turning negative. If the FBMACE should continue to stay below the 14, 21, 31 EMA, the FBMACE could form a downtrend.

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