Shares of Bebe Stores (BEBE) have stabilized after a slide since 2007 from above 300 to under 3.00. But, That support around 2.90 is being threatened again, and we might see even more downside. First of all, according to bloomberg.com, BEBE is facing two key challenges:1) They are shutting down all retail stores and trying to stay afloat as a webstore and brand.2) But if they can't get out of those leases, they might consider bankruptcy. The B-word should cause anyone to look away. Price action also suggests price will keep sliding:BEBE Daily Chart(click to enlarge)Sideways Range:- Compared to the years before, 2016 was actually a good year relative for BEBE's share price, which roughly ranged between 3 and 9. 2015 and 2014 have both been down years. - Now, note that price action completed a price bottom in July.- However after several months of drifting lower and than higher, bulls finally capitulated during the 3/21 session. - The strength of the bearish swing suggests we should not trust the 2.90-3.00 support area, other than some short-term bounce. - We are most likely going to see new lows for BEBE.