BLACKROCK Municipal Income TRUST V.BFK.P

Primary Symbol: BFK

BlackRock Municipal Income Trust (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal income taxes. Under normal market conditions, the Fund invests at least 80% of its managed assets in investments the income from which is exempt from federal income tax (except that the interest may be subject to the alternative minimum tax). The Fund may invest directly in securities or synthetically through the use of derivatives. The Fund's investment policies provide that it invests at least 80% of its total assets in investment grade quality municipal obligations issued by or on behalf of states, territories and possessions of the United States and their political subdivisions, agencies or instrumentalities, each of which pays interest that, in the opinion of bond counsel to the issuer, is excludable from gross income for federal income tax purposes. Its investment adviser is BlackRock Advisors, LLC.

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BLACKROCK Municipal Income TRUST

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Post by Ghostinthedarkon Oct 30, 2020 7:05am

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Post# 31811581

If you are day trading

A Gap down ( price opens significantly lower than previous close) is for buying.

Typically, you'll see the opening lower price, followed by a lower low...on the one minute chart.

Once you see the bottom, marked by a higher high after a lower low, you can buy in..

But often the stock price move up...and then tanks below the lowest low, and keeps on dropping..

Rarely are gaps filled---especially after poor earnings.

We have an all-time low of .50 cents...That is the lowest support below .95 cents

To trade a gap up or down, you must use a candlestick chart on the 1 minute time frame.

To be safe, wait 1 hr, using the candlestick chart, and one minute time frame---that often identifies the low(support) and high ( resistance)

If Hexo Gaps down, shorters will tank the share price .20 cents or more..

But I am just speculating----as I have not seen the pre-market bids and asks...

Potential bloodbath.