LSE:NCC Is the sell off here warranted? I am not so sure as there are 2 diverging activities here. Initially from the 13th of September, the fall was looking justified with increasing volume on any new lower candles. Yet this last candle has produced one of the highest volume days yet, trading within a smaller range than previously. So I am now seeing...
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 -...
Long NCC, drop over done on profit warning back end of last year, looking for a good breakout north - could be time with inv H&S
Good Risk V Reward. STop at 186p and Long with Target 218p and 250p