Kainos looking to breakout of it's ascending triangle having broken through the previous resistance. Retest and confirmation early next week, if confirmed expect a 15-20% gain over the coming weeks.
Divergence is clear. PE ratio is huge. Unsustainable.
Kainos Share Price Analysis LON:KNOS A company with strong fundamentals. Has had a big fall. Could possibly present a buying opportunity. Please do your own research before buying or selling.
This stock already had a pricey valuation on the run up after IPO. Following its year high it's been a slippery slope with little or no support and no below the IPO price.