In the previous $AVAV analysis, I noted that price was in a bearish continuation breakout from a flag pattern. Aerovironment Inc. (AVAV) Signals Bearish Continuation with Flag Breakout (3/5)At the time, there was still another key support in the $73.50-$75 area. Instead of breaking this support, price popped up after the latest earnings report. AeroVironment +10% after quarterly earnings beat, upsized guidance (Seeking Alpha)AVAV Daily Chart(click to enlarge)Bears in Charge:- Despite that +10% post-earnings-report-pop, price retreated sharply after touching $90 a share. - Note the RSI remained under 60, which reflects maintenance of bearish momentum.- Price continued to retreat and broke below the cluster of moving averages last week.- By the end of the week, price also broke below the $73.50 support, more evidence of a bearish continuation outlook.- I think there is still downside towards the $56-$60 area before potentially settling.