On Thursday, the FBM2nd Board Index technically rebounded 111.79 points to close at its daily high of 4254.50 points. As indicated by A, the 4018.69 WinChart Automatic Fibonacci Retracement is still the support for the FBM2nd Board Index while the resistance is still at 14, 21, 31 EMA dynamic resistance. The FBM2nd Board Index is set to test the dynamic resistance again, and if the FBM2nd Board Index should be resisted by the falling dynamic resistance, the downtrend shall remain intact.

As circled at B, the Stochastic %K line breaks above 30% level, giving an unconfirmed short term technical rebound signal. If the %D line should also break above 30% level, it would confirm the short term technical rebound signal.

As indicated by C, the MACD histogram ticks up on Thursday, and therefore, it could be forming a rounding bottom. If the MACD histogram should form a rounding bottom, it would be a signal suggesting the FBM2nd Board Index is regaining strength. If the MACD histogram should continue rising, the improvement of the FBM2nd Board Index movement is expected to continue, until it forms another rounding top.

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