Meanwhile, the Bollinger Bands has not started to contract, and therefore, the Bollinger Bands is still showing a bearish biased signal for the FBMACE, as the FBMACE remains below the Bollinger Middle Band.

As circled at B, the Stochastic stays below 30%, and this suggests that the short term movement of the FBMACE is still weak.

As circled at C, the MACD histogram continues to fall, and the falling of the MACD histogram suggests that the FBMACE is still losing strength, and the weakening of the FBMACE is likely to continue until the MACD histogram should form a Rounding Bottom.

In conclusion, since breaking below the 14, 21, 31 EMA on the 21st of February, the FBMACE is still trending down until now. Since the FBMACE has been falling for a few days, and if there should be a technical rebound, it would be normal. However, the key factor here is even if the FBMACE should rebound, the downtrend shall remains intact, unless the FBMACE could break above the 14, 21, 31 EMA.

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