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small-cap

One NASDAQ-Listed Biotechnology Stock at Resistance Levels: Kinnate Biopharma Inc.

Nov 15, 2023 | Team Kalkine
One NASDAQ-Listed Biotechnology Stock at Resistance Levels: Kinnate Biopharma Inc.

Kinnate Biopharma Inc

Company Overview: Kinnate Biopharma Inc. (NASDAQ: KNTE) is a clinical-stage precision oncology company. It is focused on the discovery, design, and development of small molecule kinase inhibitors for difficult-to-treat, genomically defined cancers. Its lead product candidate is exarafenib (KIN-2787), which is a Rapidly Accelerated Fibrosarcoma (RAF) inhibitor in development for the treatment of patients with lung cancer, melanoma, and other solid tumours.

As per our previous US Daily report published on ‘KNTE’ on 29th September 2023, Kalkine provided a ‘Speculative Buy’ stance on the stock at USD 1.38 based on price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis and the stock price has now moved by ~84.78% since then and the price has crossed resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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