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Analysis: #NYSE $SO
Case 49 #SouthernCompany
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
#SO 1/5
Case 49 #SouthernCompany
DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.
Thread 👇👇👇
#SO 1/5
Since breaking out of the range the stock went #parabolic in 2019. The upside trend is very healthy and we expect new all time highs to be recorded in the future. Caution should be applied when selling into the trend.
SO 2/5
SO 2/5
Chart 1
Monthly Chart: The explosive move higher highlighted. Clone and synthetic trendlines coupled with #Fibs on the last swing higher to calculate resistance points.
SO 3/6
Monthly Chart: The explosive move higher highlighted. Clone and synthetic trendlines coupled with #Fibs on the last swing higher to calculate resistance points.
SO 3/6
