International Business Machines (IBM): Can You Spot the Fractals?

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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