$SO 5 Month Play

bishopknight Updated   
NYSE:SO   Southern Company (The)
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 double down on my position down to the support line at $55.

Target is $80-$82. Time based stop loss for end of July
Trade active:
$63, bids at $62, $60, $58
$62 bids filled, $58-$68 bids open. Looking good here, just getting in early to secure my position. $58-$60 will be a very strong level

Looking good


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.