Earlier in July, I noted that Axis Capital Holdings $AXS was in a bullish breakout and was showing signs of extending higher.Axis Capital Holdings (AXS) in a Bullish Breakout From ConsolidationAXS Daily Chart(click to enlarge)Breakout Extension:- As we can see on the daily chart, price was consolidating around $60-$61 after the breakout in May, and the confirmation in late May and June. - After a couple weeks of consolidating here, price started to percolated last week. - This week, price turned the $61 resistance into support. This dynamic buoyed the bullish outlook and pushed price to $64 during the 7/31 session, even during a down day in the stock market.Bullish Continuation:- In the weekly chart, we can see that price has been in a bearish correction and might still be within a consolidation mode since 2017. - The prevailing trend heading into 2017 was bullish.- There is a possibility that the current bullish breakout is a continuation of the prevailing trend. Even if AXS is still in consolidation mode, there could be upside back to the $68-$70 highs from 2017. It would find resistance here in the consolidation mode. - The overall assessment is therefore bullish-neutral.- I think in the very short-term there is at least upside to the $66 level before price stalls.AXS Weekly Chart(click to enlarge)