Southern Company Trading Analysis (04/09/2025)
The trend is ascending. The downward wave structure has been truncated. The stock is trading within a range of 365 and 135 EMAs. There is a bullish divergence on the Awesome Oscillator and a signal of an oversold condition on the Stochastic Oscillator.
Trade idea:
- Buy at the beginning of the ascending wave structure's formation when wave A breaches the sloping channel of the truncated descending structure.
- Stop-los at 91.10.
- Price targets are 93.40 and 95.30.
#southern #southerncompany #stock #tradersroom #daytradingpatterns
