Avon Products Inc. $AVP was in a key bullish breakout last week, and is likely in a bullish trend with $3.00 now turning into a key support level.AVP Daily Chart(click to enlarge)Bullish Development:- On the daily chart, we can see that price action has been essentially sideways in the second half of 2018. - From the weekly chart's perspective we can see that the 2018 into early 2019 price action was a double bottom.- Indeed, AVP has been on a long-term bearish trend until price held strong above $1.35.- On the weekly chart, we can also see that price has pushed above some key resistance even above the double bottom neckline.- The $3.00 resistance, a falling resistance, and the 200-week simple moving average were all broken by last week.- Furthermore, the weekly RSI has pushed above 70, which could be a sign that bullish momentum is building.- On the daily chart we can see that price was consolidating around $3.00 for several months before this bullish breakout.Upside:- The bullish breakout was accompanied by strong volume as well.- I think the next stop will be around $5.00, which was the 2016 high and a key resistance pivot.- If price pulls back, I think the $3.20-$3.25 area will provide support. - A break below $3.00 on the other hand would put the bullish outlook on hold. - At this point, I am considering a buy order around $3.25, with another entry point at $2.40 for a deep retracement scenario.AVP Weekly Chart(click to enlarge)