Time Warner Inc. $TWX was bullish since 2016 from a low just above $55 a share to a high just under $104 in October of 2017. Since then, TWX has been in a period of consolidation/correction.TWX Daily Chart(click to enlarge)Breakout:- After a bearish correction at the end of 2017, we can see that price eventually started to trade in a range roughly between $91 and $97.70. - During the 6/13 session, price opened at the $100 mark but retreated. - Still this price action is a bullish breakout from the 2018 range, and suggests bullish continuation.- Price was able to push above the cluster of 200-, 100-, and 50-day simple moving averages (SMAs). - Finally, after the RSI failed to tag 30, it is now tagging 70. This suggests a lack of bearish momentum, and initiation of bullish momentum.Confirmation:- If price retreats, a bull market should hold TWX above $95.- Failure to hold above $95 warrants re-assessment.- For now, we can expect support at or above $95 and upside to at least the $104 area, with the prospect of continuing the prevailing uptrend since 2016 and thus pushing above that high around $104.