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ACS falls in the stock market after the collapse of its net profit in the first half

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ACS shares they have left just over 1% after the company has released its first semester results. The construction company headed by Florentino Pérez obtained a net profit of 361 million euros in the first half of the year, which represents a decline of 30.9% compared to the same period of the previous year.

With the red numbers that it is registering after the opening, ACS titles practically erase the rally they had achieved at the beginning of the week. Between Monday and Tuesday had accumulated a raise of more than 8%, but already chain three sessions in the red that counteract these gains.

TECHNICAL ANALYSIS

The analyst of Bolsamanía, José María Rodríguez, explains that "it is a title that at this moment presents an erratic technical appearance, which tells us nothing. "Right now," we have him in a nobody's zone, far from the relevant control levels below (support) and above (resistance), "he adds.

"It presents an important first resistance at the highs of the rebound (25.62 euros) and as support the weekly bullish gap of 15.80 euros. With another support around the corner that would be good not to drill at the level of 19.13 euros ", estimates this expert.

"In fact, the drilling of this last price level would imply the confirmation of a 'head and shoulders' with important short-term bearish implications. Also note the important resistance, although very distant, that it presents in the bearish guideline, now in the approx. 29 euros ", he concludes.

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