The analysis focuses on Avantis (AVNT). The most important support level is between 0.58 and 0.60. The price action is showing a high volume of almost 600 million. The analyst notes that the price has the potential to reach 0.80 and 0.90, the 0.90 representing the 200 EMA. There is a resistance level around 0.75. He expects the price to drop into a fair value gap and notes the prior value area low for a range from the 11th to 16th, stating it is at 0.59. The failure bound is considered to be 0.54 if the trend can’t continue to the upside. The analysis depends on a strong bullish reaction to the support level between 0.58 and 0.60, closing above and then having new volume.