On Friday, the FBM2nd Board Index ended 4.90 points lower while still resisted by the dynamic resistance, as indicated by A. Since the FBM2nd Board Index is still staying below the falling 14, 21, 31 EMA, the outlook for the FBM2nd Board Index remains bearish biased. Support for the FBM2nd Board Index remains at 5436.22 Fibonacci Retracement line.

As circled at B, WinChart RSI starts to fall and barely holding above the 30% level. If the WinChart RSI should break below the 30% level, it would suggest that the mid term bearish sentiment shall continue.

As circled at C, the Stochastic remains in the short term neutral region on Friday. Therefore, the market movement for the short term is still at neutral, as the FBM2nd Board Index moves sideways. The Stochastic must break above the 70% level in order to suggests a short term bullish signal.

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