Last week, we looked at Mylan (MYL) and noted critical resistance at 40. Mylan (MYL) Daily Chart(click to enlarge)Still Bearish:- We suggested that if price holds under 40, MYL is still in bearish mode. with the 2016 lows at 33-34 in sight. - Indeed price held below 40 and broke below a consolidation pattern. This alone is a bearish continuation signal.- Furthermore, price basically tested the 200- and 100-day simple moving averages (SMAs), and remained under them despite a brief visit above them. This reflects a bearish market. - Finally, the RSI held under 60 after pushing below 30. This reflects maintenance of the prevailing bearish momentum since March. - The weekly chart below shows that MYL has been bearish since April of 2015. - In continuation of this bearish trend, a more aggressive target towards 30 is possible in 2017.Mylan (MYL) weekly Chart(click to enlarge)