Meanwhile, the Bollinger Bands contracted 3%, and this is due to the low fluctuation of the FBMACE recently, and if the Bollinger Bands should continue to contract, the FBMACE is likely to extend its sideways consolidation.

As circled at B, the Stochastic failed to break above 30%, despite that the FBMACE is temporary stopped declining. Technically, if the Stochastic should stay below 30%, the market movement for the FBMACE is expected to remain weak.

As indicated by C, the MACD histogram is not yet showing a Rounding Top. Whenever secondary indicators signal are unclear, it is a good idea to refer to the Primary indicators, such as the Moving Average or the Bollinger Bands.

In short, even though the FBMACE is now moving sideways, with low fluctuation, it does not change the fact that the technical outlook is still on the negative side.

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