Today we will analyze the stock Southern Company (the) (SO) for internet stock trading in the NYSE stock market,
Stock Technical indicators to notice in Southern Company (the) (SO)
1- Last bearish trend was from 44.93 $ (3/13/2012) to 43.49 $ (3/21/2012) a 1.44 $ move 2- The current bullish trend started from 43.49 $ at 3/21/2012 and is currently trading at 45.37 $.
3- SO current support level is at 45.32 which is the 127.20 % fibonacci retracement of the last 1.44 $ move.
4- SO current resistance level is at 45.82 which is the 161.80 % fibonacci retracement of the last 1.44 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Southern Company (the) (SO) Short term stock chart patterns for internet stock trading :

6- The Stock formed Double Bottom Pattern at 43.490 .
7- The Stock formed a 2.060 $ height triangle which was broken up at 44.700, target of the pattern is 46.760.
Southern Company (the) (SO) Mid term stock chart patterns for internet stock trading :

8- The Stock was supported by a support line, identified by two points: 36.820 and 31.350, and is currently supporting at 40.259.
Southern Company (the) (SO) Long term stock chart patterns for internet stock trading :

9- The Stock traded in a bullish stock channel identifed by support at 36.820 and 27.360,resistance between 40.820 and 31.820 which was broken up at 44.700.

Stock Trading Conclusion:
Southern Company (the) (SO) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .

Stock Resistance Levels : 45.82, 46.76.
Stock Support levels : 45.32, 44.93, 44.93, 44.87, 44.65, 44.43, 44.39, 44.38, 44.21, 44.21, 44.04, 43.83, 43.49, 43.47, 43.46, 43.45,.