Base Building After Trendline Breakout – Is the Next Leg Higher?DexCom, Inc.BATS:DXCMibraheeemzPresenting another high-probability chart story. After spending months trading below a well-defined descending trendline, DXCM finally broke above that resistance, signaling a potential shift in the longer-term trend. As often happens after a major breakout, price returned to retest the broken trendline, successfully confirming it as new support instead of falling back below it. But what makes this chart even more interesting is what happened next. Rather than making an impulsive move immediately, DXCM has entered a healthy post-breakout consolidation, building a base between 67 and 79. This type of sideways price action often represents re-accumulation, where the market digests previous gains before deciding on its next directional move. Even during this consolidation, buyers continue to defend the structure. Most recently, price found support at the Daily EMA 200, another level that institutions often monitor. Holding this dynamic support while remaining above the broken trendline keeps the overall bullish structure intact. Levels I'm watching 🟢 Support: 67 (also near the Daily EMA 200 @ 70) 🔴 Resistance: 79 A decisive breakout above 79 would confirm that the consolidation has resolved to the upside and could trigger the next bullish impulse towards 89, 113 and even 140s. Until then, this remains a chart of patience rather than prediction. Strong trends often spend time building energy before making their next move. Bullish Thesis As long as DXCM continues holding above 67 on a daily closing basis, the post-breakout structure remains healthy and favors another attempt toward higher prices.