As indicated by A, the FBM2nd Board Index tested the 4000 psychology resistance on Friday, closing 37.57 points higher at 40005.95 points. Meanwhile, the Bollinger Bands Width expanded 24%, with the FBM2nd Board Index above the Bollinger Middle Band, the Bollinger Bands Width is suggesting some upside biased signal for the FBM2nd Board Index. As long as the Bollinger Bands Width is still expanding, more upside room for the FBM2nd Board Index is likely. If the Bollinger Bands Width should contract again, it would be another consolidation signal for the FBM2nd Board Index.

As circled at B, the Stochastic rose and touched 100%. As long as the Stochastic is above the 70% level, the short term market movement for the FBM2nd Board Index is still bullish biased. Since the Stochastic is at over-bought now, if the Stochastic should break below 90% level, it would be an early signal suggesting a chance of a technical correction.

As circled at C, the MACD histogram is still rising, suggesting that the FBM2nd Board Index is still gaining strength. Meanwhile, the MACD line is about to break above the zero level. If the MACD line should break above the zero level, it would suggests an improvement of the mid to longer term movement of the FBM2nd Board Index.

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