I had been waiting for Texas Instrumental $TXN to consolidate further and buy on a dip to $110 area. I even had dry powder for the common support around the $98 area. However, TXN did not pullback into this consolidation mode. Instead, it continued to rally and attack the $120 resistance. Strong earnings this week helped it break above this key resistance into a bullish continuation scenario.Let's first take a look at a summary of the earnings from Barron's:Texas Instruments Stock Jumps on Better-Than-Expected Earnings ResultsTexas Instruments stock (ticker: TXN) rose after the chip maker reported second-quarter earnings that surpassed Wall Street expectations. Texas Instruments posted earnings per share of $1.29, excluding certain items, for its June quarter, versus the $1.22 analyst consensus. It generated $3.7 billion of revenue in the quarter, higher than the $3.6 billion average analyst estimate, but down from $4.02 billion in the year-ago quarter.By now, the earnings report is old news and the market already reacted with a strong push to almost $130.TXN Daily Chart(click to enlarge)Bulls in Charge:- First looking back at the consolidation since early 2018, we can see that there was a bearish break in late 2018.- However, price didn't fall that far before bottoming and rebounding.- This suggested that bears were weak, or that the bearish correction cycle was over.- Indeed, price in 2019 has picked up steam.- As price found support from the 200-day simple moving average (SMA) several times, it was starting to be clear that bulls were in charge.- In other words, the market was already bullish ahead of the earnings. - Still, this earnings reaction with strong volume has potential to extend higher. - But if price does pull back to $120, I have moved my order around $111 to $121.