Recently, we noted that Apollo Endosurgery $APEN appeared to have put in a price bottom, and was poised for a recovery towards $8.50 a share. Let's follow up on APEN, and see whether this outlook still applies.APEN Daily Chart(click to enlarge)Bullish Mode Still Live:- The daily chart shows how price has held above the 200-day simple moving average after crossing above it at the start of 2018.- This was the main reason I believe the market is turning bullish - that it was able to hold and bounce off the 200-day SMA.- Also, the fact that the RSI held mostly above 40 after being able to push above 70, shows maintenance of the bullish momentum since late 2017. - These conditions are still true, so the outlook to $8.50 is still live.Resistance:- But, we are now going to face the first key challenge since holding above the 200-day SMA. - Price is now pushing against a consolidation resistance around $7.00-$7.10. - If price can clear $7.10, it would be a strong signal towards $8.50.- If price retreats, we should monitor the middle of the range, which is around $6.20. We should anticipate support here.- A break below $6.00 would turn the pressure back on the $5.40 level, and the 200-day SMA.- Now, if price does hold above $6.00, preferable above $6.20, then we can add confidence that a subsequent push will break $7.10 and eventually towards $8.50.