Earlier in April, I provided some reasons to believe Revlon $REV was starting to become bullish within a large range between roughly $15 and $28. Revlon (REV) Rangebound but Starting to Look BullishREV Daily Chart(click to enlarge)Breakout from Consolidation Range:- After the previous assessment, price ranged between roughly $18.85 and $22 for the rest of April.- Then, we saw price finally break above the $22 resistance during the 5/3 Friday session.- This suggests upside towards the resistance area around $28. - At this point, a break below $21 would indicate a false bullish breakout and return the pressure on the $18.85 support. - Otherwise, I think if we start to see support around $22, we should add confidence to the bullish outlook towards $28.