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 > .87 cents is the next major

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Comment by Analyste-57on Jun 22, 2020 9:52am

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Post# 31176037

RE:.87 cents is the next major

As mentioned last week also that, analytically speaking, if the action did not take a position in order to remain above its mm20 and go upwards as a result, it is only the mm50 which could stop the hemorrhage towards bottom .This mm50 was at .87c

All traders know this and are expecting this price firmly in order to make $$$ up.

This obviously is not set in stone but the chances are in favor of that strongly.

My opinion simply already mentioned before

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