(Finance) – Pressure on Costco Wholesaletrading on a 1.65% loss after the company posted revenues up just 0.4% year-on-year to $22.86 billion in June.
On a like-for-like basis, sales instead fell by 1.4%.
The scenario on a weekly basis of manager of a number of hypermarket chains detects a loosening of the curve with respect to the force expressed by NASDAQ 100. This retreat could make the title subject to sales by operators.
For the medium term, the technical implications assumed by Costco Wholesale are still read in a positive light. The short-term indicators show a slowdown in the thrust phase in contrast with the trend in prices which, at this point, should not come as a surprise by the decisive slowdowns in the revaluation phase approaching 534.1 USD. The most immediate support is estimated at 525.4. Expectations are for an adjustment phase aimed at disposing of medium-term excesses and guaranteeing an adequate turnover of operating currents with a target of 522.3, to be reached in a reasonably short time.