(Finance) – The stock moves upwards Brunello Cucinelli which advances by 0.68%, in the wake of the half-year results, which saw double-digit growth in revenues. “The excellent health of the brand and the very interesting sales that we are reporting in the boutiques, we read in a note, allow us to confirm a good growth in revenues expected for 2024 of around +10%”, we read in the company’s financial note.
The one-week trend of king of cashmere it is weaker than the trend of the FTSE MIB. Such a decline could trigger opportunities for the market to sell the stock.
The medium-term scenario is always positive, while the short-term structure shows some weakness, read by the relative indicators, due to the opposition of the resistance estimated at 90.4 Euro. The control of the short-term supply situation by the supports at 87.95 is functional. The possibility of a continuation of the corrective phase towards 86.8 is concrete.