The value has lost 40.9 million euros in the 2021 financial year, but the share price rises 9%.

The value has lost 40.9 million euros in the 2021 financial year, but the share price rises 9%.

The value has lost 40.9 million euros in the 2021 financial year, but the share price rises 9%.

Medications of different presentation.

The Spanish pharmaceutical Almirall announced this morning that 2021 had closed with a net loss of 40.9 million euros due to the accounting impairment of some assets as well as the amount paid of 12 million euros for the Bioniz purchase option that finally They chose not to execute.

In addition, they have also announced the generational relief which will take place after the next shareholders’ meeting on May 6, where Jorge Gallargo (80 years old) will hand over the presidency to his son, Carlos Gallardo, current director and vice president of the company.

Whatever the reason, the important thing is that the share price is rising with a lot of force and volume to the point of marking prices above their recent highs marked on February 2 at 11.65 euros, which implies that we have a high possibility of breaking a laterality movement that began in the middle of last November, as We can see in the following graph.

Evolution of Almirall shares

Evolution of Almirall shares
Eduardo BolinchesProRealTime

If today’s session ends above 11.65 euros, a bullish continuity scenario would open in which the current contracting range of about 1.40 euros would serve as a measure to project to know how far the upward reaction should take us.

This extension leads us to talk about the 13.05 euros as an area to which attention will have to be paid to detect a new turn in the trend.

If we look at the chart again, we will see that we have two very clear references in that price zone: on the one hand, the long-term moving average that is currently going through 12.90 euros and that will undoubtedly be a resistance to take into account and, on the other, the highs of last November at 13.29 euros that we get to see in intraday format.

These two references make that area around 13.05 euros appear as the next great resistance to beat. However, and this is the most important thing, we need to see that the current resistance of 11.65 euros is broken and, put to ask, confirmed with a second closing above 11.65 euros.

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