Angiodynamics $ANGO has been in a key bullish breakout in 2018 from a multi-year consolidation range as we can see on the weekly chart. ANGO Weekly Chart(click to enlarge)Bullish Breakout:- The weekly chart shows how price clearly broke above the resistance area that was around $18.70 and $19.85.- Before that note how price crossed above the cluster of moving averages, then held above them as support. This is a bullish slingshot signal and suggests bullish reversal. The SMA and RSI signals:- However, I should point out that we got the same bullish signal in 2013 and 2014, but price made a false bullish breakout and eventually slid back down to range support. In this scenario, we even had a good sign from the RSI. - I am referring to the RSI pushing above 70 then holding above 40 after a pullback. That happened in 2014, which was followed by a strong bullish attempt, but that attempt was faded back to range support as I noted.This Time IS Different:- This time, we are seeing these same signals, but the market followed through with a much stronger bullish breakout.- Even though there is always the possibility of a false bullish breakout, I think the most likely scenario is a bullish continuation.- In this scenario, price should probably hold above $20, though support at $18 would still be a strong bullish confirmation.- However, if the daily RSI falls below 40, and price falls below the 200-week SMA, I would shift my view away from the bullish continuation scenario.