Meanwhile, the Bollinger Bands is still expanding, with the FBMACE below the Bollinger Middle Band, thus the immediate technical outlook is still on the lower side, until the Bollinger Bands could begin to contract, which would suggests a consolidation signal for the FBMACE.

As circled at B, the Stochastic stays below 30%, in the short term bearish territory. This suggests that the short term movement of the FBMACE is still weak, until the Stochastic could break above 30%, which would suggests a beginning of a technical rebound.

As circled at C, the MACD histogram is still falling, and therefore, it has not formed a Rounding Bottom. The falling of the MACD histogram suggests that the FBMACE is still losing strength.

In conclusion, after breaking below the 14, 21, 31 EMA, the technical outlook of the FBMACE turned negative, and currently, the FBMACE is testing the 4190 WinChart Automatic Fibonacci Retracement support, and if the FBMACE could be supported by 4190, there is a chance of a technical rebound.

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