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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.


NYSE:BFK - Post by User

BLACKROCK Municipal Income TRUST > Hexo trading
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Comment by Zaybureon Jul 05, 2021 8:37am
123 Views
Post# 33492016

RE:RE:RE:Hexo trading

RE:RE:RE:Hexo tradingLast Friday we tested the 6.80 support level a second time. This week will show if we break it or not. Next support is 6.30. After that there is no support  until  the 4.50 level. It could be a bumpy ride. GLTA.
Zaybure wrote:
Zaybure wrote: In a reverse, 7.80CAD is now the new resistance. The 6.80 level hasn't been tested. Should it be and break, the next support level is 6.35. GLTA

Zaybure wrote: Hexo is in a downtrend. Support is at 7.80 CAD. Should it break this, the next support is at 6.80.

 
Today, we reached a low of 6.88, we will soon find out if the support at 6.80 holds.. If it breaks you can start loading up in the 6.30's range. 

GLTA


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