SUMMARY
Here is a weekly chart of IBM spanning multi-years. Can you see any fractals? Spotting fractals takes practice. Analogous patterns occur at all degree of trends and can be very helpful in determining direction of upcoming moves.
I've boxed the Fractals (blue and white). They overlap slightly. Can you spot the completed fractal in the blue box and how the second one in the white box is developing?
Let's go point by point; usually the inflections. The blue fractal has the blue ABCDEFG points marked. How many of these marks has the fractal in the white box completed?
I believe the A,B,C and D are placed and that leaves E,F and G. The yellow line indicates a sizable upward move for IBM. Would you be a buyer or seller of IBM at current levels? Would you be a short term or a long term holder of IBM? Perhaps even subscribing to its DRIP (Dividend Reinvestment Plan) could be advantageous.
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🙄🙄#79 Rep? Wow. That must feel absolutely amazing!
Double my money in ten years...eh...not good enough!!!:)
I have a soft spot for IBM especially since they're working on both software and hardware solutions related to cryptos. Give them some time for these to be released and they certainly will do well as a company and of course will positively affect the share price.
Thanks Haejin.
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you are very amazing @haejin i really like your post
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I liked your post. It's a very nice post
you are very experienced .. i like the way you work .. everyone would want to learn from you @haejin..
The market has finally turned bullish
Thank you haejin for posting on some stocks as well. I think we can learn a great deal about technical trading and Elliot Waves by looking outside of crypto currencies as well, since they are much less volatile.
Fascinating stuff haejin...thanks for the post
IBM has been range bound for in recent years, but should be a player in the crypto space in the coming years. A nice iron condor would be a great way to play IBM at the moment.
Thanks for the posting. Technical analysis for IBM strongly shows the bright future of its stock. In addition, IBM and Microsoft have more than 70 % of blockchain patents. Given that blockchain technology will revolutionize our future, IBM should be a buy stock for sure.
International Business Machines (IBM). I always thought they are Instant Biscuits Maker :)