As circled at A, the FBM2nd Board Index rebounded 10.46 points to close at 4972.10 points, as a result of a pull-back effect after the FBM2nd Board Index breaking below the 20-day Bollinger Lower Band. Nevertheless, this could be a beginning of a technical rebound thus the FBM2nd Board Index would have a chance to consolidate. If the Bollinger Bands Width should begin to contract, it would suggests a consolidation for the FBM2nd Board Index. Immediate resistance for the FBM2nd Board Index is at the Bollinger Middle Band dynamic resistance while the support for the FBM2nd Board Index is at 4892 WinChart Automatic Fibonacci Retracement.

As circled at B, the Stochastic also rebounded slightly but has not broken above the 30% level; therefore, it is still showing the short term bearish signal. If the Stochastic should break above the 30% level, it would be a signal suggesting a beginning of a technical rebound.

As circled at C, the MACD histogram has not formed a rounding bottom yet. If the MACD histogram should tick up and form a rounding bottom, it would be a signal suggesting a short term improvement for the FBM2nd Board Index.

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