It looks bearish and broke down. It can retest it covid lows. It has high debt and net revenue loss. With high interest rates, a good portion of its revenues will go towards interest payments.
We don´t need much to see what is coming up. This is why is so very importante to pay some time studying. Knowledge never get you to far of your mission. If you doubt, just by.
Long-term analysis of 2022 Oil SO, using a group of studies and experience, we believe that 2022 will rise in the long term, due to the presence of several factors, including that the price has acquired liquidity and that it will not be able to break the bottom, as there is strong support there, and with regard to the existing lines, these help to know The places...
Energy companies are quite predictable, and $SO is one of the best Energy providers in the United States. Highest employee favourability and a top choice by many investors for consistent growth. One of the best things about $SO is that it has consistent swings of 10-20% and you can catch these swings over 4-6 Month periods. Buying here between $62-$64 and will...
SO daily compression with upper wicks wave 5 downtrend
It seems that SO is going higher on a double bottom in 30 min time frame.
Seems like SO is going higher in short time frame (15 min). it could setup for a swing trade.
EXPECTED THIS TRADE WILL BE FAST AND SHORT TERM MAYBE FEW DAYS Warning: These trades reflect my trading history and are not investment advice and I am not your financial advisor Trades will be updated on the same published chart such as Take Profit, Early Exit or Partial Exit..... Good luck to all
$SO is showing a potential 2-2 bearish reversal on the quarterly chart. There's a lot of room between the bottom of the candle & quarterly magnitude.
We have had our fun selling gold as i have but theres a lot of money to be made on both ends as i believe after the break of 1642.00 we can have lower timeframe retracements that can lead us all the way up to daily supply zones @ 1665.00. Still Bearish, just short term bullish IF break occurs. If not we can continue to sell gold to 1600 and lower.
200MA acting as support in this dip scenario It has been seen as a continual point of support over the past two years
So far Southern Company has moved with the market. Historics say we may move down a little more before moving up by November. Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement...
***None of my ideas, this on included, are financial advise. Tread cautiously. Markets are know to enjoy punishing the un-wary.*** Previous Idea, Profit, and Short-term Movement I've shared a couple ideas on Southern Company and thus far the stock movement has been very predictable; moving around earnings and payouts. Based on my previous idea (linked), I just...
Momentum on the daily is moving favorably though the stock didn't hold the engulfing pattern. RSI corroborates the downward trend with most recent standing of "oversold" as it touches the 200 SMA. I'm looking at a bounce off the 200 SMA over the next couple weeks to hold the upward trajectory SO's held since May 2020. If we can't hold the 200 SMA this week I'm...
Zortar says SO rolling over, likely to find support around $55 but could head further lower. Major support around $50. If you are going to trim, better do it quick or wait for it to make a turnaround trip to $60.
XLU making a strong move today. Not advice.
Some interesting, long-standing trends on the log chart, wow!
Going long utilities through the XLU and SO. *Not trading advice - Your trade, your responsibility.*