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 > Zaybure...what is the new resistance.

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Comment by Zaybureon Sep 18, 2021 1:22pm

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Post# 33883313

RE:RE:RE:RE:RE:RE:RE:RE:Zaybure...what is the new resistance.

This week should see confirmation of a trend reversal. GLTA

Zaybure wrote: You have to go back to April 19, 2020 to find the lowest price ever in the history of Hexo at 2.60 CAD. Time to start loading... I am.

Zaybure wrote: It looks like a support level is forming around 2.95 CAD. It was tested several times so far. Should it be tested again and prevail, we then have a lowest low, and perhaps the beginning of an uptrend. More to come. GLTA.

Zaybure wrote: The MACD line has recrossed the signal line downward, indicating the uptrend is short-lived, and we expect a downward movement in the following days. GLTA.

Zaybure wrote: The news was a dizzying downer...You have to go to May 10,2020 to find the next support level at 2.24CAD. GLTA.

Zaybure wrote:

The MACD indicates that Hexo is going sideways. We should get a breakout. Some news from the company would be a great help at this point. GLTA.

Zaybure wrote: In spite of the rise given to the sector by TLRY, Hexo was unable to hold on to its initial gain. We can see a significant drop in the following days. GLTA.

Zaybure wrote: It's still at 4.50 CAD. Should that break, the next support level is at 3.20.