As indicated by A, the Bollinger Bands Width of the Bollinger Bands Width expanded 12% on Wednesday, with the FBM2nd Board Index below the Bollinger Middle Band. Therefore, this suggests a bearish biased movement for the FBM2nd Board Index. If the Bollinger Bands Width should continue to expand with the FBM2nd Board Index below the Bollinger Middle Band, the bearish outlook is expected to continue, with the support at 4018.69 WinChart Automatic Fibonacci Retracement, while the Bollinger Middle Band would be the dynamic resistance for the FBM2nd Board Index.

As circled at B, the Stochastic is still falling, suggesting the short term movement for the FBM2nd Board Index is indeed weakening. On Wednesday, the Stochastic is breaking below the 30% level by margin, if the Stochastic should remain below 30% level, it would be a short term bearish signal for the FBM2nd Board Index.

As indicated by C, the MACD histogram is still falling while the rounding top signal remains intact. This suggests the FBM2nd Board Index movement is still turning weaker, and the weakening movement is expected to continue until the MACD histogram forms another rounding bottom.

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