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ANF is trading at a critical pivot area

I got in around 26.50. Now Abercrombie and Fitch (ANF) stock is around 25.00 after traveling to almost 33. It's a choppy ride indeed, but the trajectory still has some upward bias. But will this bullish structure hold?

ANF Daily Chart 5/8

(click to enlarge)

As we can see in the daily chart, ANF has formed a price bottom in 2015, and a bullish breakout happened at the end of the year. In 2016, price pivoted off the price bottom as support and surged to almost 33 before a relatively sharp retreat in April and into May so far. 

Now, price is coming back to a key level, once again testing the commitment of the bull market. Key pivot factors include:
1) a rising trendline
2) the 200-day simple moving average (SMA)
3) the resistance of the 2015-price bottom. 

If price action flattens in the next couple of weeks, and ANF survives May above 23, I would look to buy if I didn't already have exposure. A break below 23 will warrant an exit because I feel the downside risk will open up to 20, and maybe even lower towards the 2015-lows around 16.