Bilibili $BILI is falling sharply during the 5/14 session. The Chinese video sharing website (https://www.bilibili.com/) announced Q1 earnings after the close of the 5/13 US session. Here's a summary form Zacks.com:Bilibili (BILI - Free Report) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 46.15%. A quarter ago, it was expected that this Chinese video sharing website would post a loss of $0.10 per share when it actually produced a loss of $0.07, delivering a surprise of 30%. Over the last four quarters, the company has surpassed consensus EPS estimates two times....While this upstart is not making any profit, it is going in the right direction with losses shrinking faster than expected. But the market seemed unimpressed by this earnings beat. BILI Daily Chart(click to enlarge)Bearish Breakout:- The market has been consolidating after a bull run that started in August 2018. BILI's share price went from a low under $10 to tag $21. - Then it consolidated and formed a topping pattern with a neckline at $16.50-$17 area.- Price broke below this neckline as well as a rising trendline at the start of the 5/14 session.- I think this opens up the $12-$13 area as the next support. But first we are seeing buying from the $15 area and 200-day simple moving average.- But if price now sees resistance around $17 and comes back to test $15, I would anticipate a break below.