Meanwhile, the Bollinger Bands expanded only 1%, and this implies that the Bollinger Bands might be contracting, and if the Bollinger Bands should begin to contract, it would be a signal suggesting that the FBMACE is consolidating. During the consolidation, the direction for the FBMACE is expected to be unclear.

As circled at B, the Stochastic fell below 70%, and this has ended the short term bullish condition of the FBMACE. If the Stochastic should fall below 30%, it would be a short term bearish signal for the FBMACE.

As circled at C, the MACD histogram stopped rising, and it could be forming a Rounding Top. If the MACD histogram should form a Rounding Top, it suggests that the FBMACE is losing strength.

In conclusion, since resisted by 4749.80 WinChart Automatic Fibonacci Retracement, the FBMACE is having a technical correction now, but if it should rebound from the 14, 21, 31 EMA dynamic support, the technical outlook shall remains positive.

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