On Tuesday, the FBM2nd Board Index continues its consolidation, closing at its daily high of 5022.33 points, up 16.30 points. As indicated by A, the FBM2nd Board Index is still testing the 14, 21, 31 EMA dynamic resistance, and therefore, unless the FBM2nd Board Index should break above the dynamic resistance successfully, it is basically still in a downtrend. Support for the FBM2nd Board Index is at 4820.88 WinChart Automatic Fibonacci Retracement.

Because the FBM2nd Board Index closed at its daily high, the Stochastic started rising again on Tuesday, and getting closer to 70% level. If the Stochastic should break and stay above 70% level, it would be a short term bullish signal for the FBM2nd Board Index.

As circled at C, the MACD histogram is still rising while the rounding bottom remains intact. Meanwhile, the MACD line is about to cross the trigger line, and therefore, if the MACD line should cross above the trigger line, it would be a bullish signal. Nevertheless, since the MACD line is still below the zero level, the market trend for the mid to longer term is still weak.

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