As indicated by A, the FBM2nd Board Index tested the 5226.31 WinChart Automatic Fibonacci Retracement support, closing 13.06 points lower to 5312.38 points on Tuesday. If the FBM2nd Board Index should rebound successfully from this support level, it would consolidate, and even have a chance in forming a double bottom. However, the FBM2nd Board Index has to break above the 14, 21, 31 EMA dynamic resistance in order to break out from the downtrend risk.

As circled at B, the WinChart RSI remains in the 50% level, which is still in the mid term neutral region. This suggests that the market sentiment for the mid term is still at neutral.

As circled at C, the Stochastic %D line did not break below the 30% level, and therefore, the Stochastic has not shown a short term bearish signal yet. If the Stochastic %K line should return to above the 30% level shortly, the market movement for the short term is still at neutral.

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