Philips Carbon : Range breakout or Channel confinement ??

Philips has given a breakout from a range of close to 200 with decent volumes. So should you buy the breakout ?
I would wait for it to break out of the upward sloping channel. If one looks at the last breakout, it did enter a long consolidation as it failed to break that channel. In stock market there is a saying, "History repeats itself". Will Philips carbon defy that this time ?