The FBMACE gap up again Wednesday, and this is the 3^rd consecutive days of gap, which is the continuation gap, suggesting a strong movement indeed. As circled at A, the FBMACE is now breaking away from the 20-day Bollinger Upper Band, and this suggests over-heated condition for the FBMACE. The FBMACE is set to test 4350 resistance, while the 14, 21, 31 EMA is still serving as the dynamic support.

As indicated by B, the Stochastic has been touching 100% for the forth day now, and yet not having any pullback nor correction. Nevertheless, the short term over-bought signal remains intact, but as long as the Stochastic is still above 70%, the short term movement of the FBMACE is likely to stay positive.

As circled at C, the MACD histogram is still rising, and no signs of Rounding Top formation yet. This suggests that the FBMACE is still picking up strength.

In conclusion, despite the short term bullishness, the FBMACE has not formed an uptrend, not until the FBMACE formed higher-lows.