Pfizer Inc. $PFE has been in consolidation since price surged to almost $39.50 in January 2018. We saw a sharp retreat down to around $33.20 before price started to setting into a range roughly between $34.40 and $37.30. We can see that price has cracked this range resistance.PFE Daily Chart(click to enlarge)Bulls in Charge:- After the consolidation over the past few months, we find price holding above the 200-day simple moving average (SMA) as well as the 100- and 50-SMAs. - Also note that the RSI was able to break above 60, which reflects loss of the prevailing bearish momentum. Being able to push above 70 was also a sign that there is fresh bullish momentum.- Finally, the main signal is the bullish break above the range resistance. - However, this breakout is still a weak one. Pullback Support:- The prevailing trend has been bullish, so we should probably assess the current market to be in bullish continuation mode after the breakout.- If there is a pullback, a hold above $36 would maintain the bullish continuation outlook.- A break below $36 simply reflects the market staying in the consolidation mode it has been in for months. - Let's say we get a pullback. If we see price rebound from the $36-$36.50 area, we should gain confidence for the bullish continuation outlook, which has the $39 target in sight with the prospect of tagging $40 but the end of its current bull cycle.