After breaking out of the upper trend channel where VEUR was trading for the last year we find a new lateral channel that finds support around 34.6 Eur and might find a resistance level around 36.95.
Looking at the volume profile on this sideways channel we can see how it is clearly P shaped, usually a sign that consensus exits on the upper part of the channel....
Grifols stock has been heavely punished during 2021.
First the pandemic difficulted the plasma collection. We must take into account the stimulus checks and the unemployment benefits from the US goverment wich might have disuaded people from going to the plasma collection centers to get some extra income. I'll be looking forward for the data on the plasma...
We have seen IQQH one of the biggest european etf by fund size (5161 m Euro) trend sideways since June this year.
Finally we see the stock price break above the resistance level at 11.5 euro. We shall see how this plays out, i'll be eying to see how this stock trends in the next weeks as the earnings season plays out.
We can wait and see if the 11.5 euro price...
