Meanwhile, the Bollinger Bands is still contracting, and this suggests that the FBMACE is still consolidating, and the consolidation is likely to carry on until the Bollinger Bands re-expands.

As circled at B, the Stochastic is still rising, but it has not broken above 70%. Generally, when the Stochastic should stay around 50%, the short term movement of the FBMACE is likely to be a sideways movement.

As circled at C, the MACD histogram is still rising, thus the Rounding Bottom is still intact. As long as the MACD histogram is still rising, it suggests that the FBMACE is still picking up strength, until the MACD histogram should form a Rounding Top.

In conclusion, since rebounding from its recent low, the FBMACE has once gained up to 241.96 points. If the FBMACE should remain resisted by the 14, 21, 31 EMA, it means that the downtrend is still intact.

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