A couple of weeks ago, we noted that Apollo Endoscopy $APEN was sliding in price, but still had a bullish outlook if it held above the $5.40-$5.50 area. After doing so, I commented that the subsequent rally will likely break the recent range resistance. Price indeed broke above range resistance and looks to extend towards the next key resistance around $8.50.APEN Daily Chart(click to enlarge)Bullish Reversal:- Note that price was bearish until late 2017 when price finally flattened.- In 2018 price started to anchor above the 2017 low around $3.60, at around $5.40. We mentioned the importance of holding above this support if the bullish mode were to continue.- It looks like the market gained confidence after multiple holds above $5.40 and is now pushing into a new high on the year. - We are still going to keep a conservative bullish outlook of $8.50. - Note that this is not even close to the 2017 high. To push above the $8.50 pivot, I think the market will need to see price anchor higher, perhaps $6.50, or $7.00. - A break below $6.50 at this point would return the pressure on the $5.40-$5.50 support.