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Tea-Trades

SOUTHERN COMPANY (UPDATE)

Long
Southern Company (The) (NYSE:SO)  
Tea-Trades Updated   
NYSE:SO   Southern Company (The)
Chart Patterns Fibonacci Retracement resistence southerncompany
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chartpattern fibonacciretracement resistence southerncompany
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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