Impinj In. $PI, a RFID solutions provider has rallied from an IPO price around $17.00 to a high just above $60.00 in 2017 before falling persistently. But the end of the year, price retreated back to 21 in November but has since been consolidating sideways.PI Daily Chart(click to enlarge)Mini-Breakout:- There is a bullish breakout during the 1/22 session from a mini consolidation range between roughly 25.27 and 22.20. - However, the news that AMAZON won't be using RFID tech in their superstores dampened the rally. - Plus, a break above $28.00 will be needed to liberate PI from a consolidation mode to possibly a bullish one.- So far, the price action has bullish potential, but we might want mroe confirmation.- For example, if the daily RSI holds UNDER 40, then the bearish momentum is said to be preserved. The RSI is right at 60, so a break above would be a good bullish sign. But this would probably accompany a price rally above $28.00, which would also be a bullish sign.- Also, before pushing above $28.00, if price action shows support around $24.00, there would still be a bullish outlook towards $28.00, and possibly towards the $30.00 mark.