In late March, we saw Credit Suisse Group $CS trade lower, and break its range support of $11.50. I saw this as a signal of further downside towards " the $10.23 2018-low, as well as the $10 mark, which was also a 2016-low."Credit Suisse Group (CS) in a Bearish Breakout From a Consolidation RangeHowever, price very quickly rebounded, and is now heading towards the consolidation range resistance.CS Daily Chart(click to enlarge)False Breakout:- The failed bearish breakout suggests that bulls are still in control since late 2018.- However, we can see that the overall trend is still bearish.- In the short-term however, the false bearish breakout might translate into a bullish breakout above the $12.55-$12.60 resistance area. - But because of the prevailing downtrend, I would first anticipate resistance around $13.20, where the 200-day simple moving average (SMA) resides, and where price saw resistance in October-November 2018.- I think after a pullback, we will know if the bulls are still in charge. If a pullback respects the current channel resistance area (around $12.55) as support, we can have more confidence of upside towards the $14 mark.- There could also be upside to the $14.60-$14.65 area, which was a previous support. For now, I would limit any bullish outlook to $14.65-$15 area.- If price ever pulls back and breaks below $12 however, I would abandon this bullish outlook and look forward to more choppy consolidation.