International Bancshares Corp $IBOC has recently been consolidating under $45 a share after a bullish breakout from a multi-month consolidation range. IBOC Daily Chart(click to enlarge)Bullish Continuation Mode:- First of all, the daily chart shows a market that has kept price above the 200-day simple moving average (SMA) since late 2017. - Even during the multi-month consolidation, price has respected the 200-day SMA as support. - Eventually, price broke above the $42.45 range resistance before consolidating just above this broken range.- I think as long as price can hold above $40, we are in a bullish market. Most likely, a bullish market would keep price above the 200-day SMA, and above $41. - Meanwhile, the RSI should hold above 40, a reflection of bullish momentum.- So far, these conditions are met, and price action is starting to look bullish as well. A retest of $45 this time is likely going to break it and open up the $50 handle.