Axis Capital Holdings $AXS has been in more than a year of consolidation. However, price is now cracking the consolidation range resistance and could be extending the bull run so far in 2019. AXS Daily Chart(click to enlarge)Range Resistance:- As we can see on the daily chart, price action has been sideways after a bearish trend that rounded out 2017.- In 2018 and into 2019, price was trading in a range roughly between $48 and $60. - The 2018-high was around $60.20, and price just cracked that high last week (5/24). Bullish Breakout:- The bullish breakout has been weak, but it is nonetheless a sign that the market might have turned bullish on AXS after a year-long accumulation.- There are a couple of signs that bulls are in charge now.- Price has crossed above and then bounced off the moving averages cluster.- The RSI has pushed above 70, and subsequently has held above 40. - On the weekly chart below, we can see that the RSI has pushed above 60, a sign that the prevailing bearish momentum is dead.Target:- On the weekly chart we can also see that the long-term trend has been bullish. The 2017 bearish correction and 2018 sideways consolidation has now shifted into a bullish continuation swing in 2019.- IF this is true, AXS has upside to the 2017 high around $69-$70. - But we should also see that price get "sticky" around $64-$65, which is where we can anticipate some initial resistance against the current bullish breakout.- In subsequent pullbacks, a hold above $58 should confirm the bullish breakout.- A break below $54 on the other hand would be a bad sign for the bullish outlook - it would be a sign of a false bullish breakout, which could translate into weakness and an eventual bearish breakout.AXS Weekly Chart(click to enlarge)