AVA chart, page-105

This 55c bottom confirmed my prediction TA wise. If this bottom breaks, the next stop would be 43c, but I don't see that happening at all.

55c $200k buying wall had been there since a few weeks ago and waited for this moment to absorb at 55c. If they move lower, they will have to compete with another $100k order which got moved down from 56c a few days ago, so I don't think they are going to move their order lower. There already had been constant selling for a while so sellers unlikely to have enough shares to break below 55c. What's likely to happen is, the $100k order in middle of 55c will move up to 56c to compete with that big order that's at the front of 55c queue.

Another reason I don't think it will go to 43c is, it was fairly valued at 43c of PE 20x before the previous quarter report. Since AVA made the revenue they had for the whole FY20 in just Q1FY21, investors would have to think AVA is going into hibernation for the rest of the year for it to be valued at 43c now. We can see more revenue is coming in for the rest of the year just from their last FY report, so it is illogical to value them at 43c at this stage. Any dip towards 43c would be quickly wiped and would cause an upward rush instead.