Meanwhile, the Bollinger Bands contracted 25%, and this suggests that the consolidation of the FBMACE is still intact. At the same time, the FBMACE is preparing for a new movement, and when the Bollinger Bands should begin to expand again, it would be a beginning of a new movement.

As circled at B, the Stochastic has not broken above 70%, and therefore, there is no short term bullish signal for the FBMACE yet. Generally, if the Stochastic should stay around 50%, the short term movement of the FBMACE is likely to be in sideways.

As circled at C, the MACD histogram is still rising, and no Rounding Top is sighted yet. If the MACD histogram should form a Rounding Top, it would be a signal suggesting that the FBMACE is beginning to lose some strength.

In conclusion, the FBMACE has gained up to 5.8% since rebounded from 3839. However, it is still resisted by the 14, 21, 31 EMA, and if the FBMACE should begin falling again, there is a risk of resuming the downtrend.

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