Target Inc. $TGT has been consolidating for a better half of the year after heading into the year on a bearish note. The daily chart below shows how price has rebounded since falling in 2016. We can say that TGT might be starting a bullish channel. At the moment, there is a key resistance at 63, but I think TGT is ready to break above it and open up the 66.70 area, which will be the next challenge, or resistance.TGT Daily Chart(click to enlarge)Bullish Bias:- Note that since July, price action has been on a bullish run, albeit a choppy one.- Note that the latest dip from 63 to 54 was quickly reversed as price surged back to 63. - This V-shape reaction strengthens the bullish outlook.Price Action:- As price action approached the 63 resistance in December, it got messy as we can see in the zoomed-in daily chart below.- Note that there was a subset of price action that looked bearish: 1) strong bearish candle 2) followed by 3 small bullish candles, 3) finally followed by a bearish engulfing candle .- However, note that this price action is bracketed by w strong bullish candles, making this whole set of price action bullish so far. - This is the reason I think TGT is gearing up to break 63 cleanly and move to test the 66.70 support as resistance.TGT Daily Chart zoomed in: