Aurinia Pharmaceuticals $AUPH was in a pullback after a bullish breakout. We noted last week, that if price can hold above $5.50 (among other clues), it would be confirming the bullish outlook. AUPH Daily Chart(click to enlarge)Bullish Reversal:- Let's compare price action in 2018 against the price action since March, 2017.- In 2017, price was making lower highs and lower lows. Price eventually broke below the 200-, 100-, and 50-day simple moving averages (SMAs). Meanwhile, the RSI dipped to 30.- In 2018, the RSI started to hold ABOVE 30, and even above 40. Meanwhile, it has tagged 70 and above a couple of times.- After respecting the 200-day SMA for a few times, price broke above the SMAs in Maay. - It is this price action in May that suggests bulls are taking over.Bullish Confirmation:- So far bulls are showing control.- Note that price mostly held above the cluster of 200-, 100-, and 50-day SMA. This alone shows strong bullish bias.- Furthermore, the RSI held above 40 again. This reflects maintenance of the bullish momentum.- Looking at this chart, we can expect price to push to $7.00 and possibly $7.50.- Until we get further confirmation that bulls are still in charge, I would limit the bullish outlook to these 2 targets.