On Tuesday, the FBM2nd Board Index ended 29.28 points higher to close at 5557.43 points. As shown on the chart above, it seems like the FBM2nd Board Index is having a technical rebound. However, the technical rebound does not change the downtrend, as the 14, 21, 31 EMA is still serving as the dynamic resistance for the FBM2nd Board Index. (Study A). Therefore, the outlook for the FBM2nd Board Index is still bearish biased with the support at 5436.22 points.

As circled at B, the WinChart RSI rose again but still below the 30% level. If the WinChart RSI should break above the 30% level, it would suggests that the mid term market sentiment for the FBM2nd Board Index is at neutral, and therefore, the FBM2nd Board Index would have a better to consolidate.

As circled at C, the Stochastic is now situated around the 50% level, which is the short term neutral region. Therefore, this suggests that the short term movement for the FBM2nd Board Index is at neutral.

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