Southern Company Trading Analysis (07/11/2024)

The trend is ascending. The downward inner wave structure is truncated. The stock is trading in a range between 365 and 135 ЕМАs. 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, when the wave A breaches the sloping channel of the descending truncated structure.
• Stop-loss at 87.07.
• Price targets at 89.80 and 91.80.

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