Finding a wall of sellers could see price head lower to end the trend

Potential Sell Alert NCK

 

NCK – Nick Scali Limited

NCK is under pressure as price fails to continue higher through 7.20 and consistently finds a wall of sellers. We are watching for further weakness as long term buyers unwind positions and price heads south. If price pushes below 6.80 we should see a test of 6.50 and then will watch from there for a lower high for further selling pressure.

 

Stock Code : NCK – Nick Scali Limited

Company Website : www.nickscali.com.au

Current Price : 6.92

Status : On watch for sell entry setup