As indicated by A, the FBM2nd Board Index rebounded and closed higher on Friday, and as a result, the Bollinger Bands Width only expanded 2%. If compared to the previous expansion rate, the expansion on Friday was relatively smaller, thus implying that the Bollinger Bands Width is likely to contract soon. If the Bollinger Bands Width should contract, it would be a signal suggesting a consolidation for the FBM2nd Board Index. Nevertheless, the Bollinger Middle Band is still the dynamic resistance for the FBM2nd Board Index for now.

As circled at B, the Stochastic rebounded strongly as the FBM2nd Board Index closed higher on Friday. The Stochastic breaks above the 30% level, and therefore, temporary leaving the short term bearish region, which is a signal suggesting a beginning of a technical rebound. However, the Stochastic would have to break and stay above 70% level in order to suggest a short term bullish signal.

As indicated by the C curve, the MACD histogram is still falling despite the rebound of the FBM2nd Board Index. Therefore, the MACD histogram is still still suggesting a weakening movement for the FBM2nd Board Index. If the MACD histogram should form a rounding bottom, it would be a signal suggesting the FBM2nd Board Index is regaining its strength.

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