Since the 14, 21, 31 EMA is still losing its gradient, and as a result, its significance of its signal is reduced. Meanwhile, the Bollinger Bands contracted 8%, and this suggests that the FBMACE is still trendless.

As indicated by B, the Stochastic is not yet breaking above 70%, thus no short term bullish signal for the FBMACE yet. Generally, if the Stochastic should stay around 50%, it suggests a neutral movement for the short term.

As circled at C, the MACD histogram is still rising, thus forming a Rounding Bottom. The rising of the MACD histogram suggests that the FBMACE is regaining its strength, and the improvement is expected to carry on until the MACD histogram should form a Rounding Top.

In conclusion, despite breaking above the 14, 21, 31 EMA on Wednesday, the FBMACE is not yet forming an uptrend, for it has not formed a higher-low. Basically, the trendless consolidation is still intact.

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