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 Oct 07, 2021 6:21am

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Post# 33978683

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

So far we did not get a green candlestick to close over 2.50 CAD, The new support line is presently at 2.15 CAD. Looking for a bullish engulfing green candlestick to start a new trend line.

GLTA.

Zaybure wrote: Today we need a green candlestick to close over 2.50CAD to give us a change of a trend reversal.

GLTA.

Zaybure wrote:
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....

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.