As indicated by A, the FBM2nd Board Index ended lower on Wednesday as the Bollinger Bands Width is still not expanding clearly. Therefore, the FBM2nd Board Index is likely to consolidate with the Bollinger Middle Band still serving as the dynamic support. With the FBM2nd Board Index still supported by the Bollinger Middle Band, the immediate outlook for the FBM2nd Board Index is still positive. Support for the FBM2nd Board Index is still at 4000 points while the resistance is at 4480 level.

As circled at B, the Stochastic is still falling suggesting that the FBM2nd Board Index might have a technical correction. If the Stochastic should break below 70% level, it will be a signal suggesting a technical correction.

As circled at C, the MACD histogram is ticking lower, and might be forming a rounding top. If the MACD histogram should form a rounding top, it would be a signal suggesting a weakening of the FBM2nd Board Index movement.

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