Recently in June, I was looking at Papa John's price action and thinking that Papa Johns (PZZA) Respecting Key Support for a Short-term Bullish Outlook, at least in the short-term. However, that glimmer of bullish "hope" has dissipated in the past couple of trading sessions.(click to enlarge)Bears Still in Charge:- The initial sign that bulls might be gaining control was the fact that price was starting to hold above the 200-day simple moving average (SMA), and establish a mini price bottom out of the 2019 price action.- However, since last week, price has fallen below the 200-day SMA, failed to hold above $46 (the resistance of the price bottom).- The more important sign is the fact that while price started to shift sideways, price failed to reach the sideways consolidation range resistance at $60. - We can see that price was held under $55. - This failure reflects a bearish trend still intact. We can still see lower highs from $69 in early 2018, to $60 by late 2018, and now $55 by mid-2019. Pressure on Support:- Support held twice in the $38-$40 range. - However, with the prevailing bearish trend still intact, I think this support is becoming vulnerable. - I think there is a good chance price will break this support, even if we get another bounce first in 2019. - I think price has downside to $30, $25, and even $20 - levels of support we can see on the weekly chart below.- From this weekly chart, also note that price remains under the 200-week SMA, and the RSI remained under 60. These signs reinforce the outlook of the long-term bearish trend extending.PZZA Weekly Chart(click to enlarge)