Check Point $CHKP ran up to $119 per share by late 2017, but has been paring those 2017 gains. CHKP Daily Chart (click to enlarge) Correction/Consolidation:- Price fell sharply at the end of 2017 from about 119 to about 101.20. - It has been consolidating in a range roughly between 101.20 and 108. - This week, price action has been cracking the 101.20 support, but there seems to be strong support around 100.Some Bearish Signs:- As CHKP continues to consolidate, we are seeing some bearish signs.1) Prie is anchoring below the 200-, 100-, and 50-day simple moving averages (SMAs).2) The RSI came down below 30 (a sign of bearish momentum), and then held under 60 after it rebounded (this reflects maintenance of the bearish momentum).Potential Support:- The weekly charts that the 2017 rally came out of a 2015-2016 consolidation. - If price falls below 100, we should monitor the 88-92 area for support. This represents that 2015-2016 consolidation resistance.Bullish Outlook:- If price holds above $100 and then pushes above 108, I think there would be a bullish outlook towards at least 120. CHKP Weekly Chart (click to enlarge)