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 > Tlry numbers

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Comment by Zaybureon Jul 29, 2021 4:05pm

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Post# 33627039

RE:RE:RE:RE:RE:RE:RE:RE:RE:Tlry numbers

Japanese candles confirm that the downtrend continues. Next support level at 4.50 CAD. GLTA.

Zaybure wrote:
Charts only give possibilities, not certainties... saying that for the novices on this forum. Yesterday, there were two possibilities: 1) the downtrend continues, which you called, and by today's look, the downtrend will be confirmed and yesterday's numbers were an anomaly. The second possibility was a trend reversal - that doesn't look like it will happen soon.

Congrats...:-)

Touran77 wrote:

Touran77 wrote:

Zaybure wrote:

Touran77 wrote:

Zaybure wrote: ATTENTION! ATTENTION! If Hexo closes below 5.20 today (Jul-28), we will still be in a downtrend...

Zaybure wrote: I'll be looking at the charts, should know in the coming days if this bump breaks the downtrend. If that builds a solid support level, we'll be at the beginning of an uptrend, and time to load up. GLTA.

Jimmy713 wrote:

Zaybure wrote: Look to be very good... expect a bump today GLTA.

Right you are, Zay.
TILRAY Reports Q4 Net Revenue increased 25% to US$142.2 Million, and the share price goes $2 up.

You need a timeline to talk about downtrend

We are already in daily (one of the most popular timeline) downtrend.

Tonto

Indeed, usually you need to look at larger time frames, then go to shorter ones. As one time frame can contradict the others. So I mostly rely on a one-day time frame over a 6-month period, as it gives me a semse where things are going. If you are a day-trader, which I'm not, you might want to look at a one-minute time frame as your decisions have to be quick and fast.

On the daily we are still in a downtrend as we have not reached the last lower high of 5.70 CAD.
We rejected right on daily EMA 12 at 5.54 CAD.

Daily bounce on the way because we are higher than previous daily candle, however we are still in a downtrend.

Hope that helps. Really hope to break 5.70 CAD as soon as possible to get out of that daily downtrend.

GLTA

We again rejected on daily EMA 12 (5.48 CAD, it is more clear on the USD chart 4.37 USD).
Bears/Shorts are probably watching it to continue the downtrend, might be worth looking at it for a quick swing trade next time we touch it.

GLTA