saltysaver

SO ascending triangle

Long
NYSE:SO   Southern Company (The)
Just my opinion, not financial advice.. please do your own research!

I see a largely undervalued utility forming an ascending triangle. There is strong support ~53.50. Personally I am hopeful this value play, with a safe dividend yield will get some gov money from the 2nd round of stimulus. A catalyst around Vogtle or stimulus deal could help this punch on through to 59, or even to 65. What does everyone else see / think?
Disclaimer

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.