The Southern Company (SO) trade idea

22 בספט׳

SO is approaching a key resistance level, as shown in the chart with a horizontal consolidation pattern near the upper Bollinger Band. A breakout above this range could signal a continuation of the current uptrend, especially with increasing volume. Monitoring the stock’s movement near the trendline and its behavior around the 50-day moving average will be essential for confirming any potential breakout.