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!!
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!!