The Container Store $TCS has been in a sideways consolidation roughly between $3.70 and $8.45 since the start of 2016. Before that price was in a free fall from heights just above $45 a share. After a couple and a half years of sideways consolidation, a break out of this range could be a key signal for a directional trend. It looks like price is indeed breaking above the range resistance in June, but it's not very clear yet on the weekly chart. TCS Weekly Chart (click to enlarge) Breakout:- On the weekly chart, we can see that price has been indeed holding below $8.45 since the start of 2016. - Therefore, the breakout last week was key even though it was not a very strong one.- Judging from the RSI, which tagged 70 but not able to tag 30 on the dip, we can say that the momentum has shifted from bearish to neutral to slightly bullish since 2016. - With the RSI now above 70, we can say this is the strongest bullish weekly-chart-momentum we have seen in this market.- This could be a sign that TCS is ready for a bull run. Target:- A bull run can bring price up to the $15-$16 area, which was a common support in 2014-2015. This area could turn into resistance at least in the short-term. Anticipating a Pullback:- Looking at the daily chart below, we can see that price and the RSI are showing a bearish divergence (price made a higher high while the RSI made a lower high). - This suggests a pending correction, or pullback.- Now, if there is a pullback, a newly bullish market should keep price above $6.00. - This is the central pivot of the previous range, and price should hold above it if a bullish market is developing. - Otherwise, below $6.00, TCS would be back in consolidation mode.