Travala.com (AVA) Breaks Out Significant Resistance

On a weekly time frame, after forming a double bottom at $0.45 support AVA crossed $1 resistance and reached the next long-term resistance at $1.45. But after rejection, AVA is now moving below $1 level.

On a daily time frame, there was a key resistance of $0.80, which AVA has broken out after more than 80 days. Now it is possible that after testing this $0.80 support AVA may start the next rally.

For a detailed analysis, you can also watch the video.