After opening at 5585.02 point, the FBM2nd Board Index was mostly lower on Thursday, with a daily low reaching 5518.88 points before closing the day at 5573.31 points, downed 9.45 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic resistance for the FBM2nd Board Index as the FBM2nd Board Index is still resisted by the falling dynamic resistance. Nevertheless, support for the FBM2nd Board Index is still at 5436.22 points.

As circled at B, the WinChart RSI is still above the 30% level by margin, and therefore, the mid term market sentiment for the FBM2nd Board Index is still at neutral. If the WinChart RSI should drop below the 30% level, it would mark and end to the consolidation of the FBM2nd Board Index, and the mid term market movement shall return to bearish biased.

As circled at C, the Stochastic retreats slightly while remains in the neutral region. The Stochastic need to break above, and remain above the 70% level in order to sustain the short term bullish signal.

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