As indicated by A, the Bollinger Bands Width expanded only 3%, which is an insignificant amount. Therefore, basically, the FBM2nd Board Index is still consolidating. However, since the FBM2nd Board Index is still staying below the Bollinger Middle Band, there is still a downside risk. This is because if the Bollinger Bands Width should expand again, the bearish signal shall continue. Nevertheless, support for the FBM2nd Board Index remains at 5536 Fibonacci Retracement line, and the resistance is still seen at 5956 Fibonacci Retracement line.

As circled at B, the Stochastic remains around the 50% level, and this is the short term neutral region. Therefore, the Stochastic is showing a short term neutral signal, and the market movement for the short term is still at neutral.

As circled at C, the MACD histogram continue ticking slightly higher on Monday. Therefore, there is still a chance to form a rounding bottom. If the MACD histogram should form a rounding bottom, it would suggests a technical rebound for the FBM2nd Board Index, and even a chance to regain its strength.

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