Illumina Inc. $ILMN pulled back from 230 to about 210 before finding support. We discussed a recent bullish breakout in ILMN and discussed anticipation of this kind of pullback. ILMN Daily Chart (click to enlarge) Bullish Continuation:- With no sign of stopping, the bullish breakout continued the prevailing uptrend in ILMN. - At this point, without other information, the chart simply tells us ILMN is still bullish, with the breakout suggesting potential of this bullish mode extending. - Therefore, the pullback will be a reason for many trend traders to buy. - Note that the RSI is approaching 40. It should hold above 40 in a bullish scenario.- Price should hold above 200, but a bullish trend should probably keep price from coming down to to this level. A break below 200 however signals a significant consolidation.- Otherwise, we can anticipate an eventual rally back to 230 and beyond, with 242 (2015-high) as the medium-term target and critical resistance.- The ability to get to 242 would be a clue that price will eventually break even if we see some short-term selling from this resistance.