Last week, we saw a strong possibility that RigNet $RNET was going to breakout of a falling channel. We noted upside to $19 and eventually $24. RigNet Inc. (RNET) Threatens Falling Channel ResistanceRNET Daily Chart(click to enlarge)Bullish Surge:- We can see that after price held above $10 a share to start July off, the next couple of months have yielded more than 100% in gains. - Basically, price action continued the prevailing bull swing after breaking the falling channel.- We also have price already past our first target around $19 a share.- As price also pushes above $20, I think the $24 level will be achieved. - If there is a pullback, we should anticipate support above the $16 mark. But in a bullish market, price might not get back there.- Instead, if there is a consolidation or correction, watch the RSI as it goes back into the 40-50 area. - We should anticipate support when RSI is back in this area, and should expect it to hold above 40 in a bullish scenario.