Meanwhile, the Bollinger Bands expanded only 1%, and this implies that the Bollinger Bands could be contracting in the near future. If the Bollinger Bands should begin to contract, it suggests a consolidation for the FBMACE. However, immediate technical outlook shall remains on the negative side as the FBMACE is still below the Bollinger Middle Band.

As circled at B, the Stochastic rebounded slightly, but it has not broken above 30%, thus it suggests that the short term movement for the FBMACE is still weak.

As circled at C, the MACD histogram is still falling, but at a slower pace. If the MACD histogram should begin to tick up, and form a Rounding Bottom, it suggests that the FBMACE is picking up some strength, which means a consolidation or a technical rebound.

Nevertheless, after falling sharply, a rebound is only normal for the FBMACE, however, technical outlook remains weak, as the FBMACE is still trending down, below the 14, 21, 31 EMA dynamic resistance.

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