Meanwhile, the Bollinger Bands expanded 9%, with the FBMACE above the Bollinger Middle Band. This suggests that the immediate technical outlook for the FBMACE is still on the positive side, and if the Bollinger Bands should begin to contract, it would be a signal suggesting a consolidation for the FBMACE.

As circled at B, the Stochastic stays above 70%, despite the pullback effect of the FBMACE. This suggests that the short term movement of the FBMACE is still positive, until the Stochastic should break below 70%.

As circled at C, the MACD histogram is still rising, and therefore, until now, it has not formed a Rounding Top. This implies that the FBMACE movement has not turned weak, unless the MACD histogram should begin to form a Rounding Top.

In conclusion, the pull-back effect on Wednesday is normal for the FBMACE has risen too quickly. Provided that the FBMACE could remain supported by the 14, 21, 31 EMA dynamic support, the technical outlook for the FBMACE is still on the positive side.

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