As indicated by A, the Bollinger Bands Width contracted another 9% on Wednesday, as the FBM2nd Board Index continued its consolidation. Meanwhile, the FBM2nd Board Index is still resisted by the Bollinger Middle Band. Nevertheless, readers can still monitor the Bollinger Bands Width. If the Bollinger Bands Width should expands with the FBM2nd Board Index above the Bollinger Middle Band, it would be a bullish signal. Nevertheless, the 4000 points is still a psychological resistance for the FBM2nd Board Index.

As circled at B, the Stochastic declined slightly on Wednesday as the FBM2nd Board Index ended slightly lower. Therefore, this shows that the short term movement of the FBM2nd Board Index is still on the weaker side. The Stochastic has to break above 70% level to signal a short term bullish territory.

As circled at C, the MACD histogram is still rising slowly, suggesting the short term movement of the FBM2nd Board Index is still improving, and the improvement of the short term movement is expected to continue until the MACD histogram forms a rounding top.

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