Apollo Endosurgery $APEN was in a bullish breakout in January. We noted that if price pulls back, we should look for 1) a hold above $5.00 and 2) the RSI holding above 40. These signs would suggest that the bullish breakout will extend. APEN Daily Chart (click to enlarge) Breakout:- The daily chart shows that January's price action finally broke above a range. A clear break above $6.50 would be the next bullish development.- After pulling back to $5.50, APEN rebounded, respecting the moving average cluster as support. - The RSI is also holding above 40. - These are signs that the market is turning bullish. - We can still see a another dip within this bullish scenario. But if price falls below 5 and the RSI dips below 40, I would not be confident of the bullish reversal scenario.