Internation Bancshares Corp $IBOC has been in a classic bullish continuation breakout. We first saw the attempt in May, and has been tracking IBCO's breakout as well as pullback and confirmation. IBOC Daily Chart(click to enlarge)Breakout in Steps:- Price has consolidated a little more after the bullish breakout.- We can see that after the initial breakout price came back to test the range, and found support at $42. Meanwhile, there was resistance at $45.- We saw price confirm support at $42 again in June, and it was able to push above $45. This added to the confirmation of a bullish breakout.- Since then, we saw price anchor above the $44 pivot and is now pushing into new highs this week.- We should probably continue to ride this rally, until price gets to $50 and the daily RSI pushes above 70 a couple of times (preferably a bearish divergence). - We should also start looking at $45 as support. If it does act as support a few times, we should anticipate potential upside above $50.