A retailer with buyers struggling to support price has short sellers licking their lips

Potential Sell Entry Alert NCK

Time Frame : Weekly

Sector : Retailing

Key Stats : $544.32 Million Market Cap, VWAP 6.753, ASX Ranking 339, PE Ratio 13.5, Dividend Yield 5.36%.


NCK – Nick Scali Limited

NCK has been on our radar for a sell opportunity for a while and looks like weakness is slowly creeping into the price as buyers struggle at lower levels. We expect to see buyers start to lock in some gains from the recent run up which may see a healthy correction down to 5.00 or lower. Watching now for a sell entry setup to play out.


Stock Code : NCK – Nick Scali Limited

Company Website : www.nickscali.com.au

Current Price : 6.76

Status : On watch for sell entry setup