The share price of Abercrombie and Fitch (ANF) was as high as 32.80 at its 2016-high. Since that high, it has been sliding making a low just under 11.00 in 2017 so far. After a period of consolidation, I suspect that there will be further downside under 11.00 this year. Abercrombie and Fitch (ANF) Daily Chart (click to enlarge)Still Bearish:- Looking at the daily chart above, we can see that price is still trading under the 200- and 100-day simple moving averages (SMAs).- This reflects a bearish trend that is intact.- Furthermore, the RSI has held under 60, which suggests maintenance of bearish momentum. - Now in terms of price action, we saw a bullish breakout attempt to establish a price bottom. - The failure of this breakout suggests that bears are still in charge. - Because of these bearish factors, we should not trust the support around 11.00 when price approaches. - Instead, we should anticipate a break and potential downside towards the 10.00 mark.