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Southern Company Trading Analysis (11/10/2024)

11.10.2024

Market Review

The trend is ascending. The downward wave structure is truncated. The stock is trading in a range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.

Trading idea:

Buy at the beginning of the formation of the ascending wave structure, where the A-wave breaks the sloping channel of the descending truncated structure.
Stop-loss at 88.22.
Price targets at 90.55 and 91.80.

#southern #southerncompany #stock #tradersroom #daytradingpatterns

Author: GC

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