As indicated by A, the FBM2nd Board Index remains below the 14, 21, 31 EMA dynamic resistance, and therefore, the downtrend remains intact. On Monday, the FBM2nd Board Index ended 23.98 points lower, and currently, the FBM2nd Board Index is consolidating in its downtrend, and the support remains at 5255.25 level.

As circled at B, the WinChart RSI failed to hold up above the 30% level, breaking slightly below the 30% level. If the WinChart RSI should remain below the 30% level, the market sentiment for the mid term shall return to bearish biased.

As circled at C, the Stochastic %K line falls on Monday, but remain above the 30% level, in the neutral region. Therefore, the Stochastic is still showing a short term neutral signal, and the market movement for the short term is still at neutral.

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