In line with our view that the next move by the RBA is down the likes of NCK should enjoy at least a healthy bounce after more than halving from its 2026 high.
- We are looking for NCK to snap back towards $18, providing a 3:1 risk/reward opportunity with our stop.
Trade Idea: Buy Nick Scali (NCK) using a limit of $14.50, with stops at $13.00 around 10% risk.
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