jakeostrovskis

NCC WAY oversold

Long
LSE:NCC   NCC GROUP PLC ORD 1P
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6
NCC has fallen by 29% on the opening bell after announcing EBITDA will be 20% lower than forecast. This, however - is STILL above the forecast given last year.

In January, assurance forecasted to be 35% higher than expected so a hit now comes off a higher than expected base. The fall is HUGE - expecting a bounce to FIB levels. Hoping to BUY tomorrow morning - getting a 11% spread right now due to volatility but target 1 around 120, 2 around 130 and feel it could retrace back to 140-145 before continuing downtrend.

HIGH RISK TRADE!!