Mylan (MYL) was bearish in the second half of 2016, but flattened since November. In 2017, price started to pick up in February, but it fizzled in March. Still, the prevailing bearish trend stalled as price traded mostly sideways. Now, in March and April, price was heading back down as quickly as it was rallying in the previous month. Could price be back on a bearish trend? Well, the downtrend in March and April is still intact despite the rally since May. Mylan (MYL) Daily Chart(click to enlarge)March Downtrend:- As noted, the downtrend since March is still in play.- Price is still under the 200- and 100-day simple moving averages (SMAs) - although the market during the 6/7 session lifted price to test this cluster of SMAs as resistance.- The RSI is still holding under 60, which suggests that the prevailing bearish momentum (since March) is still in play.- Furthermore, note that price is holding under a common resistance around 40.- Finally, the price action of the dip in March and April was sharp while the rally in May and June has been choppy. This is a sign that the dominant market trend is still bearish.- Indeed, I think if price can hold under 40, the outlook remains bearish towards 34.00.