RESORTS >>> Charted And Gutted Since Sept 2008

These 3 charts are by courtesy of Blogger Rocky

who gave a detailed prediction of RM1.80 SUPPORT for RESORTS morte than a month ago. Here are the charts reposted for your perusal.

To those FUNDAMENTALIST who still think that TECHNICAL ANALYSIS are all hocus pocus, think again.

Just to reciprocate, can anyone blame us for thinking SOME FA guys (not all) are simply FUNNY & MENTAL?

Fundamental stocks always return to their FAIR VALUE?
Mesti bradder >>> lu pelahan pelahan tunggulah RESORTS terpulang harga RM2.50.

Meanwhile, I think we technicians should be patient and wait to buy RESORTS at RM1.80 - charted SUPPORT or conservatively 25% to 30% lower than fundamental recommended RM2.50 harga sailang.


Hopefully, next time you will THINK before shooting your cannon off.

By the way, how does your Hong Kong feet taste in your own mouth now? Jangan marah yah?

One man's meat is another man's poison. DIFFERENT STROKES FOR DIFFERENT FOLKS. Let not river water disturbs well water.

RESORTS >>> Revisited 10th Sept 2008

This Andrew's Pitchfork Analysis of RESORTS had been published on the mentioned date in a blog which ZL does not wish to name.

The article is now republish in it's original form as per below. Nothing has been changed or adjusted. TQVM

RESORTS - Andrew's Pitchfork Technical Analysis A picture speaks a thousand words. What does that looks like 2u? A spoon? HAHAHA!!! Remember what ZL said abt RESORTS ...... NO EYE SEE ???

Even when RESORTS rebounded off the INVERTED HAMMER @ 2.52 on 27 Aug, the temptations were, in all honesty, quite irrisistible. However, due to self discipline & some TA, ZL avoided a potential bear trap ala Permatang Pauh.As a matter of fact, ZL already pre-drawn the RESORTS Pitchfork from price lows when RESORTS moved sideway. I also mentioned in one of the RESORTS articles ZL will hv no qualms buying RESORTS at King Ed's profit taking price @2.90 just below the TWEEZER @2.93.

This Andrew's Pitchfork helped ZL to avoid a quicksand-like mishap. Wonder how many Spartans walked straight into a wall? LOL!!!! You bet many FA investors did ....

RESORTS is BLUECHIP and rebound it did .... so? The chase was ON ON ON ...2.60, 2.65 then 2.70++ & Kapowwww ...TKO !!!

The problems with these FA guys who always knocked TA enthusiasts, is that they are clueless abt entries & exits. Their abilities are limited to PEs & fair values. What else is new to them?

The Pitchfork AC handle distinctively showed not once but twice RESORTS could not overcome.RESISTANCES at Prong B and AC handle follow thru.

Hey ZL did not positioned those candles OK? ZL only knows where to connect and intersect respective median lines so pls don't assume ZL is "inventing" new TAs. Andrew's Pitchfork had always been around only that majority of those who called themselves technical analysts doesn't even know such a thing exist. These are the pretenders that gave the FA guys the opportunity to keep mocking us.

Finally, ZL drew this RESORTS Andrew's Pitchfork as simple as possible without any frills. No Bollinger Band, no RSI, no MACD, no Stoch & no whatever .....ZILTCH. Itu macam pun tak dapat nampak entry, exit, support & resistance, take profits or cutloss, baik lagi lu jangan melabur sahamlah .... balik tidur BEST.

What is Andrew's Pitchfork?
A technical indicator that uses three parallel trendlines to identify possible levels of support and resistance. The trendlines are created by placing three points at the end of identified trends. This is usually achieved by placing the points in three consecutive peaks or troughs. Once the points have been placed, a straight line is drawn from the first point that intersects the midpoint of the other two.

The RESORTS chart attached makes it clear why this indicator is called a pitchfork. The first point drawn on the chart forms the handle, while the lines extending from the other two pointsAlso known as "median line studies".

TIP : You wanna make $$$ but dunno how to draw Pitchforks? Easy, get a big fork from your kitchen, place it on PC screen and zoom chart to correct size and PRESTO!!! instant PF ...faster than Maggi Mee ..... hahahaha!!!!

Have fun & Happy trading folks.