As indicated by A, the FBM2nd Board Index broke above the Bollinger Middle Band dynamic resistance on Tuesday, closing 47.34 points higher to 3972.45 points. Meanwhile, the Bollinger Bands Width also expanded 22%. With the FBM2nd Board Index above the Bollinger Middle Band, the expansion of the Bollinger Bands Width is now showing a positive signal for the FBM2nd Board Index.

Despite the positive signal from the Bollinger Bands Width, the FBM2nd Board Index still has to break above the 4000 in order to breakout from its sideways movement. If the FBM2nd Board Index should also break above the 4000 level with the Bollinger Bands Width remains expanding, the bullish biased movement of the FBM2nd Board Index is expected to continue.

As circled at B, the Stochastic broke above 70% level on Tuesday, entering the short term bullish region. Therefore, if the Stochastic should remain above 70% level, the market movement for the short term is expected to be bullish biased.

As circled at C, the MACD histogram has not shown a clear rounding bottom. Nevertheless, the rising of the MACD histogram is a good sign as it suggests some improvement of the FBM2nd Board Index movement.

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