Papa Johns International $PZZA has been in consolidation since mid-2018 after a bearish trend in 2017 into 2018. Price eventually found support above $38 and started to trade sideways. The daily chart shows a range between roughly $38 and $60.PZZA Daily Chart(click to enlarge)Bullish Within Range:- On the daily chart, we can see that in early 2019, price came down to the range support area and formed a price bottom.- After breaking above $46.35, price action was bullish. However, price did not reach the $60 area. Instead, it found resistance under $55.- This failure to reach $60 was a sign that bulls were weak.- Price indeed retreated, but then found support above that $46.35 level which use to resistance.- The fact that the market treated this previous resistance as support suggests that it could be turning bullish at least in the short-term.- Also note that this action respected the cluster of moving averages as support, another sign that bulls are taking charge.- At this point, I think as long as price holds above $45, I think there is upside to $60.Trade Idea:- I am considering a buy entry at $47 with a stop at $43 and a target of $57 (being conservative instead of expecting $60).- This trade would offer a better than 2:1 reward to risk.