On Tuesday, the Bollinger Bands Width of the FBM2nd Board Index did not expand (0%), and implying that the Bollinger Bands Width is about to contract. If the Bollinger Bands Width should begin to contract, it would be a signal suggesting a consolidation for the FBM2nd Board Index. However, as indicated by A, the Bollinger Middle Band remain as the dynamic resistance for the FBM2nd Board Index, in other words, as long as the FBM2nd Board Index is still below the Bollinger Middle Band, the immediate outlook for the FBM2nd Board Index is still bearish biased. Since the FBM2nd Board Index is closing very near the 4000 level, the 4000 points support shall remain intact.

As circled at B, the Stochastic rebounded slightly on Tuesday, but still below 10% level; this shows that the market movement for the short term is still bearish biased. If the Stochastic should break above 30% level, it would be a signal suggesting a beginning of a technical rebound, as the FBM2nd Board Index would be breaking away from the short term bearish region.

As circled at C, although the MACD histogram has not formed a rounding bottom, it is falling at a slower rate, implying that it might be forming a rounding bottom soon. Nevertheless, if the MACD histogram should form a rounding bottom, it would be a signal suggesting that the FBM2nd Board Index is about to stop declining and consolidate, or even a chance in regaining its strength.

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