KNOS could this bullish engulfing lead us to 1180p?Kainos Group PLCLSE_DLY:KNOSStockso_SimpleKNOS looks about a week ahead of LSL. A clear double bottom has formed around 700p, providing a solid base for the current move. The price has already punched through overhead resistance at 800p with a visible increase in volume, effort and result are in total agreement. Friday’s price action was a classic bullish engulfing pattern, closing near the daily high. These signals are high-conviction for me, as they show buyers have completely overwhelmed the previous day’s supply. We could encounter some resistance around 920p, but if it pushes through that, a return to the recent highs would offer an attractive gain. Price target: 1180p Potential reward: 34%