Canadian tech company Celestica $CLS CLS Daily Chart(click to enlarge)Bullish Breakout:- Looking at the daily chart, we can see that price has been consolidating in a range roughly between $11.50 and $9.80.- Last week, price broke above the range resistance, the moving averages, and a falling trendline. This is a strong bullish breakout.- This week, we are seeing some resistance around $12. We can anticipate some pullback within the context of a bullish market.- I think if the market is indeed bullish, price will find support before coming down to $11.00. - But, if the pullback extends, it can probably extend to $10.80 and still be within the bullish scenario.- A break below $10.50 however, makes it more likely that the market was in a false bullish breakout, which implies a subsequent bearish breakout.- The bullish scenario opens up the $13.00 handle. - I would limit the bullish outlook to at most $13.50 for now. The overall market has been choppy, sideways to bullish, so we are not very confident of a push back to the 2017 high of $14.70.