On Tuesday, the FBM2nd Board Index remains in the congestion zone of the 14, 21, 31 EMA, closing 5.78 points lower to 4440.71 points. As indicated by A, the 14, 21, 31 EMA is still serving as the dynamic for the FBM2nd Board Index. Therefore, this shows that the FBM2nd Board Index is still in its downtrend with its support remains at 4018.69 WinChart Automatic Fibonacci Retracement.

As circled at B, the Stochastic %D line also break above 90% level, which has confirmed the short term over-bought signal. Generally, if the Stochastic is showing an over-bought signal, there is a risk of a technical correction in the near future. However, if after the short term correction and the Stochastic could still remain above 70% level, the market movement for the short term is still bullish biased.

As circled at C, the MACD histogram is still rising despite the FBM2nd Board Index ended slightly lower. Nevertheless, readers are advised to monitor the MACD histogram, for if the MACD histogram should form a rounding top, it would be a signal suggesting a weakening of the FBM2nd Board Index, thus a beginning of a technical correction.

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