Apollo Endosurgery $APEN has been consolidating since August after price dipped below $4.00. On the daily chart, we can see that the range was roughly between $3.60 and $5.75 per share.APEN Daily Chart(click to enlarge)Accumulation:-Price action in 2018 has proven the the past few months of price action has been an "accumulation", which means consolidation before a bullish reversal.- Indeed, price broke above the resistance area as we can see on the daily chart. - I think this opens up the 8.00 area, while we should probably cap the bullish outlook to $10.00. Early Signs:- Price action did not offer any indication of this bullish breakout. In fact, you can argue that the failed bullish breakout attempt in November was a sign that bears were still in charge.- However, we did see the momentum start to shift. - The RSI tagged 70 in October, and then failed to clear below 40 after that. This reflects maintenance of the new bullish momentum. - The RSI again tagged 70 in October, and again held above 40 after it pulled back.- These were signs that the momentum was shifting upwards even though overall price action did not seem to show that. - Now, if price pulls back, a hold above $5.00 would add confidence to the bullish outlook towards $8.00, or even $10.00.