We recently saw price of Credit Suisse (CS) shares fall to its 2017 range support. I suggested that we might see a bounce, but if the bounce fails to push above 15.00, there is bearish bias and we should not rely on the support just above 14.00. Indeed, price failed to push above 15.00, retreating after it tagged 14.50. Now, we should anticipate further decline, possibly towards 12.50.Credit Suisse (CS) Daily Chart(click to enlarge)Support Cracking:- As we can see on the daily chart, price is consolidating just above the range support. - Then there was a failed attempt to break the range resistance around 14.50.- The fact that price failed to break 14.50 after cracking it suggests that bears are still in charge, which in turn suggests that we should not rely on the range support.Bearish Outlook:- As we can see on the daily chart, the next common support will be just above 12.50.- Though not shown on the chart above, 12.50 was also a common support going back to early 2016. - Therefore we should limit our bearish outlook to 12.50. The most aggressive bearish outlook should probably be capped at 12.00.