As indicated by A, the Bollinger Bands Width contracted another 23% on Tuesday, as the FBM2nd Board Index rebounded 7.56 points. By comparison, the current Bollinger Bands Width is indeed very narrow, thus suggesting the consolidation is coming to an end. Generally, narrower of the contraction, the expansion signal would be clearer in contrast.

If the Bollinger Bands Width should re-expand with the FBM2nd Board Index above the Bollinger Middle Band, it would be a bullish signal. If the FBM2nd Board Index should remain below the Bollinger Middle Band as the Bollinger Bands Width expands, it would suggest more downside room for the FBM2nd Board Index.

As circled at B, the Stochastic breaks above the 30% level marginally on Tuesday, suggesting a beginning of a technical rebound signal. If the Stochastic should continue rising, the technical rebound is expected to continue. If the Stochastic should break above the 70 % level, it would be a short term bullish signal for the FBM2nd Board Index.

As circled at C, the MACD histogram is still rising, suggesting the FBM2nd Board Index is still gaining strength. However, since the MACD line is still below the zero level, it shows that the medium to longer term movement of the FBM2nd Board Index is still on the weaker side.

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