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 > How I see the fall coming to its long awaited mm50 !!!

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Comment by pikeroo_007on Jun 22, 2020 6:45pm

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RE:How I see the fall coming to its long awaited mm50 !!!

Analyste-57 wrote:
As an indicator of a trend reversal, I would like to see possibly tomorrow Tuesday June 23, if today the trend of the action of Hexo is maintained for a closing at some .98c, I would like to see an opening tomorrow at. 98c then a drop to its mm50 to some .87c and this long-awaited recovery following with closing at some $ 1.02 this Tuesday, June 23.

We would then be in possession of an important analytical figure, the hammer at the base of a bearish movement, which would announce this change of trend and the rise of the action in the following days and this, at 9 out of 10 chances.

If this materializes, it would not also be surprising to see the gap left open at $ 1.25 close

I expect and would especially like to see something like that analytically.

The hammer does not necessarily indicate a reversal. It depends how the hammer develops!

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