Bed Bath and Beyond (BBBY) is continuing a downtrend since 2015. As we can see on the weekly chart, last week's price action just broke the 2016 low, extending the current downtrend.Bed Bath and Beyond (BBBY) Weekly Chart(click to enlarge)Downtrend Slowing:- If we look at the downtrend since 2015, we can see that most of the action happened in 2015,- 2016 was a choppier year, but price remains bearish coming into 2017.- It is no surprise that price is pushing lower since the downtrend is intact. - However, look out for support as price approaches 36.Support:- Around 36, we will see price test the 2010 low and support pivot.- Meanwhile, we might be seeing a 3-point bullish divergence with the RSI.- From around 36, we can anticipate a bounce up to 42, another support/resistance pivot. - A more aggressive bullish outlook could be 36, and the overall mode would still be bearish.