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.
Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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🙄🙄#79 Rep? Wow. That must feel absolutely amazing!
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Double my money in ten years...eh...not good enough!!!:)
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I liked your post. It's a very nice post
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International Business Machines (IBM). I always thought they are Instant Biscuits Maker :)
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you are very amazing @haejin i really like your post
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THERE IS THE STEEMIT MONEY HAEJIN & FRIENDS SCAMMED!!!!
https://steemit.com/haejin/@thabiggdogg/found-ranchorelaxo-s-bitshares-account
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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.
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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.
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We need new kabooomd bro
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Fascinating stuff haejin...thanks for the post
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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.
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you are very experienced .. i like the way you work .. everyone would want to learn from you @haejin..
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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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The market has finally turned bullish
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