forever_green

Southern Company looks to be breaking out of "Something"

Long
NYSE:SO   Southern Company (The)
My last SO idea denoted my overall short-term bearishness in the stock and my downward arrow essentially followed perfectly the support of the down trend. I think this trend is over. So far, the daily candle is showing enormous upward momentum. The last time this happened the stock saw a very sharp appreciation before settling on the mid-$60 range. I think this will happen again. I'm going to slow down my accumulation until I see what's happening the rest of December.

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