Meanwhile, the Bollinger Bands contracted 3%, and this suggests that the FBMACE is entering its consolidation stage, and the FBMACE is likely to consolidate until the re-expansion of the Bollinger Bands.

As circled at B, the Stochastic is still falling, but it has not fallen below 50%. This suggests that the FBMACE is only having a technical correction, but not yet entering a short term bearish condition, unless the Stochastic should break below 30%.

As circled at C, the MACD histogram is still falling, and therefore, it is forming a Rounding Top. Technically, provided that the MACD histogram is still falling, this suggests that the FBMACE is 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 had a technical correction, but it is still supported by the 14, 21, 31 EMA dynamic support. If the FBMACE could rebound from the 14, 21, 31 EMA, it means that the FBMACE could resume its uptrend.

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