The positive reversal of market after the election day fall has led to few stocks making new 52-week highs and one such stock is the #AvantiFeed. The stock had earlier made a high of 598.5 earlier in January this year and later we have seen consolidation phase in the range of 475-575 until today. With this move today, it has also broken a falling trend line resistance on a weekly time frame. The volume seen is also higher than the average indicating a higher participation. Based on this breakout, a successful retest of 575-590 may see some buying and then lead to a higher price move that may lead to 635-650 initially and then 675/700/725 in short to medium term. From the entry level, there is a support of 548-554 which should be held for continuing the positive move.
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