We have been stalking Apollo Endoscopy $APEN, with an expectation of a bullish breakout and upside first to $8.50. Indeed, price broke above the $7.10 resistance area last week, and shot up to $8.50 during the Monday 7/9 session.APEN Daily Chart(click to enlarge)Bullish Breakout and Targets:- As we can see on the daily chart, price surged during the Monday 7/9 session following last week's bullish breakout.- We can also see that $8.50 is a previous resistance pivot.- After such a strong push, I think there is still upside towards $9.55, the next support pivot. - In the short to medium-term, we should probably limit our bullish outlook to the psychological level of $10.00. - However, during the same time-frame, there is still a chance of a pullback. - If price does retreat, we should expect support around $7.00, but even a dip to $6.50 is within the bullish context.- The RSI should hold above 40 in the event of a pullback, IF the overall trend has indeed turned bullish since late 2017.- I think taking profit around $8.50 would be a balanced approach, as it would lock in profit, and limit any loss due to a pullback towards $7 or $6.50. We would have generated dry powder to re-invest at these price levels. - If this stock continues to be bullish towards $10, we can still achieve alpha but timing a good pullback and support after the current breakout.