Meanwhile, the Bollinger Bands is still contracting, and this suggests that the FBMACE is still consolidating. If the Bollinger Bands should later re-expand with the FBMACE above the Bollinger Middle Band, it would be a positive signal for the FBMACE.

As circled at B, the Stochastic breaks above 30%, leaving the short term bearish territory. If the Stochastic should later break above 70%, it would be a short term bullish signal for the FBMACE.

As circled at C, the MACD histogram is still rising, while the Rounding Bottom is still intact. The rising of the MACD histogram suggests that the FBMACE is still picking up strength, and the improvement is expected to carry on until the MACD histogram should form a Rounding Top.

Despite the technical rebound, the FBMACE has not really broken away from its downtrend, unless the FBMACE could break above the 14, 21, 31 EMA, and later forming a Higher-low, then only it is a signal of a reversal.

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