Upcoming Bursa Malaysia Holidays
Thursday, 28/01/2021 - Thaipusam
Monday, 01/02/2021 - Federal Territory Day
Thursday, 11/02/2021 (Half day trading. Close in the afternoon) - Chinese New Year Eve
Friday, 12/02/2021 - Chinese New Year
📰*PM announces aid packages worth RM15bil*
*Here are the highlights*
🔹A one-off payment of RM500 for all medical frontliners, RM300 to be given in the first quarter of 2021
🔹A total of 3,500 healthcare workers to be recruited, RM150mil allocated
🔹Three agreements signed with vaccine producers - first batch of vaccines to arrive next month
🔹RM800mil additional allocation for the Health Ministry (for supplies including additional reagents, screening kits as well as PPE equipment)
🔹RM200mil for the National Security Council and other relevant agencies
🔹RM3bil for the Covid-19 National Immunisation Programme.
🔹Moratorium facility, including extension of the moratorium and restructuring of loan repayment will continue to be offered by banks
🔹Credit counselling to be given by phone and online
🔹Tax exemptions for computers, handphones, and tablets worth below RM2,500 to be extended until Dec 31, 2021
🔹The Social and Welfare Department (JKM) will implement a food basket programme immediately which will provide essential food items worth RM100 for each eligible household, involving a total allocation of RM50mil
🔹Government will allocate RM25mil under the GLIC/GLC Disaster Relief Network which includes provision of community assistance, to the elderly, homeless, the disabled and flood victims
🔹Free 1 Gigabit data initiative will be extended until the end of April 2021.
🔹PTPTN borrowers affected by the pandemic or floods, can apply for a three-month PTPTN loan repayment moratorium. Application for this moratorium can be made until 31 March 2021.
🔹Wage subsidy programme 3.0 under Socso will be enhanced - all employers operating in the MCO states will be eligible to apply, irrespective of sector.
🔹Government allocates RM24mil to fund the full contribution under Socso's Self-Employment Social Security Scheme for delivery riders.
🔹Government to expand the Prihatin Special Grant Plus assistance to cover 500,000 SMEs in the seven MCO states with a payment of RM1,000 each, while 300,000 SMEs in other states will receive RM500 each
🔹A one-off financial assistance of RM500 to 14,000 tourist guides as well as 118,000 drivers of taxis, school buses, tour buses, rental cars and e-hailing vehicles, with an additional allocation of RM66mil
🔹Special discount of 10% on electricity bills from January to March 2021 to six business sectors nationwide, comprising hotel operators, theme parks, convention centres, shopping malls, local airline offices as well as travel and tour agencies
🔹Electricity rebates to all TNB users, domestic and non-domestic at a rate of two sen per kilowatt-hour, which is equivalent to a reduction in electricity bills of up to 9% for a period of six months, from Jan 1 to June 30, 2021.
🔹A Bus and Taxi Hire Purchase Rehabilitation Scheme introduced, where a 50% guarantee on financing from hire purchase and leasing companies will be provided for selected buses such as sightseeing buses, and taxis. A guarantee of RM1bil will be provided.
🔹Government agrees to extend the effective period of inability to perform contractual obligations to March 31, 2021 under the Temporary Measures for Reducing the Impact of CovidD-19 Act 2020, or Act 829
https://www.thestar.com.my/news/nation/2021/01/18/mco-20-pm-announces-aid-package-worth-rm15bil
29 January market updates
Topglove open at a crazy high of rm7.05 a 84c gap from the previous day close of Rm6.21. Follow by massive selling bringing it all the way down to the low of 6.56
What we can learn from here is if a stock open gap up too high do not chase you will end up losing big.
Few group was set up and people simply shouting holdddddddddd buyyyyyyyyyy alllllllllllllll innnnnnnnnn poison the mind of many others to rush in.
Remember to always do your research and not take advice from strangers people you don't even know to buy or sell. They might just be working for the big boys
With a long holiday ahead, best to not hold too many stocks on hand.
Like a famous goes " Don't spoil your long weekend"
https://www.nst.com.my/news/nation/2021/01/658324/pm-announce-special-assistance-package-4pm
Читать полностью…Dr Derrick's Trading Glossary:
AD - Average Down
ADV - Average Daily Volume
AL - Additional Listing
AU - Average Up
BB - Bollinger Bands
BBB - Bollinger Band Break Out
BCP - Bearish Candlestick Pattern
BDTL - Break Downtrend Line
BE - Break Even
BF - Bottom Fishing
BMSA - Buy Morning Sell Afternoon
BO - Breakout
BOB - Buy On Breakout
BOD - Buy On Dip
BODTL - Breakout Downtrend Line
BTST - Buy Today Sell Tomorrow
CL - Cut Loss
COC - Cluster of Closes
EMA - Exponential Moving Average
EP - Entry Price
FA - Fundamental Analysis
FBO - Fake or False Breakout
FHFL - Fast Hand Fast Leg
FIFO - Fast In Fast Out
FM - Fund Manager
FS - Force Selling
GICA - Good If Close Above
HC - HealthCare
LBB - Lower Bollinger Band
LDP - Last Done Price
LRE - Low Risk Entry
LU - Limit Up
MA - Moving Average
MD - Market Depth
MM - Mr Market
PP - Private Placement
PVA - Price Volume Action
QR - Quarterly Report
R - Resistance
RBS - Resistance Become Support
RCP - Reversal Candlestick Pattern
RRR - Risk Reward Ratio
RTS - Resistance Turn Support
S - Support
SBB - Share Buy Back
SBR - Support Become Resistance
SL - Stop Loss
SnR - Support and Resistance
SMTM - See Money Take Money
SL - Stop Loss
SM - Smart Money 🦈🦈🦈
SP - Sell Price
TA - Technical Analysis
TP - Target Price / Take Profit
TAYOR - Trade At Your Own Risk
TS - Trade Safely
TO - Therotical Opening Price
TOCP - Theoritical Opening Closing Price
UBB - Upper Bollinger Bands
VO - Volume Overtake
VR - Volume Ratio
WL - Watch List