Short term view - SOUTHERN CO/THE : The triangle has just been triggered.
The previous significant peak has been passed. The trend now is neutral. Should prices move back below this level, we would face a false signal.Arguments :
- The major resistance has been breached.
- The ADX is rising. A trend is starting.
- Prices are breaking above the moving average.
- The triangle has just been triggered.
Southern is a holding company. Through its subsidiaries, Alabama Power Company, Georgia Power Company, and Mississippi Power Company, the company is engaged in the generation, transmission, distribution, and purchase of electricity and the sale of electric service in Alabama, Georgia, and Mississippi. The company's Southern Power Company subsidiary develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The company's Southern Company Gas subsidiary is an energy services holding company whose primary business is the distribution of natural gas in Illinois, Georgia, Virginia, and Tennessee.
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