Tea-Trades

SOUTHERN COMPANY (UPDATE)

Long
NYSE:SO   Southern Company (The)
SO has retraced almost to the .786 fib which has been major support. I am watching for a bounce to the upside. If so, I will add to my position if it breaks resistance at the .618 fib.
Comment: Expect a bounce off of the .786 which would be a buy if it does.

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