FKLI - Bulls Gathering Strength - 7/29/2013

I finally bought in when the Stochastic turned positive on 23/7. All are supporting the bulls now as the MACD and DMI stay positive and continue to rise while prices maintain above the top band.  The ADX has also been rising which is confirming the current new trend. I am placing my stop at below the top band.

 

The weekly chart is also supporting the daily chart's bull. all the 3 indicators - Stochastic , MACD and DMI stay positive and continue to rise. The ADX is also maintaining its ascent which is confirming that the trend is intact. Price is also maintaining above the top band. So both the daily chart and weekly chart is pointing at another attempt to reach a new high. If it can clear 1824 level, then we should see it goes much further up.