We recently looked at Gap Inc. $GPS, and noted that it was pushing against a key resistance around 30-30.55. Well, price did break above this key resistance, likely reflecting the start of a bullish trend going into 2018.GPS Daily Chart(click to enlarge)Price Bottom:- GPS was bearish entering 2016. Then it became more or less sideways except a visit down near 17. The common support was around 21.50. - The common resistance was around 30-30.55. - There was also a falling resistance around this area when price tested it in November. - The daily chart shows that price eventually broke that resistance, and this breakout opens up a bullish outlook. Resistance Pivot:- The weekly chart shows that the 35.45-36 area will be a previous support area, which could be a resistance this time around, at least briefly. We should anticipate some selling soon, but we should probably anticipate support in the 30-30.55 area (resistance to turn into support). - The daily RSI should also hold above 40. - If these conditions are met, and price eventually breaks above 36, GPS could be seeing the 44-47 highs in 2018. GPS Weekly Chart(click to enlarge)