AVCT - will the historic resistance at 92p finally break?Avacta Group PLCLSE_DLY:AVCTStockso_SimpleThe price has approached a historic resistance level and the action on Thursday and Friday is worth paying close attention to. Both sessions saw the price reject around this level on very strong volume. The million dollar question is how many sellers are still sat up here. If the queue is long, the price will struggle to break through and could turn back down from here. The only scenario where that changes is if the fundamentals behind the business have shifted meaningfully since December last year. If institutions believe the story has genuinely changed they will be willing to pay up and push through that resistance regardless of the sellers sitting there. It is too early to call either way. I will be watching how this one unfolds over the next week or so before forming a stronger view.