Market does not like Kainos's results Triangle break to the downside. Not much volume though. Possible move down to 498. Let's see.
Looking for a bullish continuation from last week's strong weekly candle. A bullish head and shoulders taking shape and targeting 1900 zone. The risk to reward is 2.89 for this one.
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.