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 > Hexo trading

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Comment by Zaybureon Aug 04, 2021 4:09pm

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Post# 33649696

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Hexo trading

Not only did we get another fat red candle today Wed. Aug 4 - four in a row btw- but the MACD has widened its separation from the signal line, signifying the downtrend has picked up some momentum. We should get a correction soon, but overall, it's downward for quite a while. GLTA.

Zaybure wrote: It's 8:20 AM on the Eastern coast, and Hexo is scheduled to open lower. Question is: who will show up today in greater numbers, buyers or sellers?

Zaybure wrote:
ALERT: The RSI shows the stock is oversold, and the MACD line could cross its signal line - if it does tomorrow it would also indicate a trend reversal. However the candles for the last three trading days are red, indicating the downward trend continues. So we could be on the cusp of a trend reversal if tomorrow the MACD crosses the signal line and the candlestick is green, with closing price higher than 4.93. Stay tuned. This could be exciting...GLTA

Zaybure wrote:
We are approaching the 4.50 support level faster than I expected. Should that break, the next support level is at 3.20 CAD. Take care. GLTA.

REMINDER: Cdn Markets are closed on Monday.

Zaybure wrote: Red candle closed below the green candle open price on Friday in the closing hours, this means barring major news, the downtrend continues.

Zaybure wrote: Reposting:

EDIT I was hoping this week it would start trading sideways. It didn't. Watchout for the cliff to 4.50 CAD soon. GLTA.

Zaybure wrote: Yesterday's bump (July20) may be attributed to the whole sector being green. For Hexo it's a question of whether the company has attained its goal of raising $150M ATM. I suspect that they haven't, and the selling will continue. Now the next support is 4.50 CAD. Question: will the selling reach its target before that support leveL? If so, we will see the graph move sideways instead of a steep decline, as we have been witnessing in the past months. Hopefully we shall know within the next few weeks. GLTA.