In June, I noted that price was setting up for a bullish breakout as it consolidated under a previous resistance around $84.50. TSN Daily Chart(click to enlarge)Bullish Breakout:- As we can see on the daily chart, price has been consolidating since May between roughly $76 and $84. The $84.50 area was a key resistance from late 2017.- Furthermore, note that the RSI held above 40, which reflected maintenance of the 2019 bullish momentum.- The breakout is thus simply a continuation of the prevailing trend. - Price action during the 8/6 session further confirms that bulls are in control. - I think if the overall market wasn't so tentative this week, TSN would have extended much higher towards the $90 area. - I still think TSN will go to $90, but perhaps after some choppiness around $85.- A break below $80 on the other hand would be a sign of a failed bullish breakout, which would put pressure on the $76 support.