Cyber security name Symantec $SYMC has been consolidating since mid-2018. Before that it was retreating from an all-time-high around $34 a share. (Price was last at this level in 2004). Let's first take a look at the long-term trend on a monthly chart:SYMC Monthly Chart(click to enlarge)The long-term trends:- In the past 20+ years, SYMC has been in 3 long-term trends.- the early 2000s, after consolidating throughout the dot.com bubble of 1994-2000, share price was marked by strong exponential growth and tagged $34 by the end of 2004. - Price then retreated slid for several years from a high around $34 down to a low just above $10 by the end of the 2008 (during the financial crisis).- Then, it began another bull run and came up to the 2004 high by the end of 2017. - Now, throughout 2018, price retreated sharply. Price settled above $17.50 for 2019, but is now retreating sharply from $24. Key Support:- This strong bearish pullback in May brought price near that $17.50-$18.00 support area. - I think this is a critical support. This support confirmed a bullish trend because it was above the $16.25 low in 2016. A break below $16.25 would be a strong bearish signal, but even a break below $17.50 could be a sign that the market is struggling to hold a higher low.- If price does hold above $17.50, and preferably above $18.00, then, we can say long-term bulls are still in charge.- In the scenario that this support holds, a retest of $24 will likely break it, and upside in the coming year could be the $34 high again, or at least the $26-$27 highs from 2013-2015. Short-term Bearish:- While the long-term trend is still bullish, the short-term trend is sharply bearish as we can see on the daily chart.- The latest decline accelerated in May. We also saw resistance in the $20-$21 area last week. - This means we might see a retest of that $17.50-$18 area.My Tentative Trade Plan:- I am considering a buy around here with a stop below $16 like $15 and a target of $26. This trade offers a 3:1 reward to risk. - However, I currently don't have dry powder allocated to this trade and will have to wait until rotating out of some other positions, or canceling other entry orders. SYMC Daily Chart(click to enlarge)