The Ascending Triangle is just one piece of the puzzle. See the full technical breakdown.
Bullish continuation pattern.
Sideways movement between parallel supports.
Technical analysis of Southern Company (SO) reveals a significant setup. Currently at $97.45, the asset is showing upward momentum (0.53%). Price action has carved out a classic Ascending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $99.58, targeting $106.0 with support near $93.16 (R:R 1.0).
What is your outlook on SO?