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 > Quick Technical analysis and view of chart

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Comment by Clowninthedarkon Feb 04, 2022 1:42pm

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Post# 34398638

RE:Quick Technical analysis and view of chart

Chauncey, care to explain why you are so far WRONG AGAIN? LMAO

Ghostinthedark wrote: Range for HeXO yesterday
High-.85 cents------(Becomes resistance on the daily time frame)

Low---.73 cents----(Becomes support on the daily time frame)

******

Moving Average.....
5 Day---.76 cents
20 Day---. 74 Cents

Stocks often moving back to their moving average

See the website ---Barchart
https://www.barchart.com/stocks/quotes/HEXO.TO/technical-analysis

*****

THE CANDLE STICK CHART
bearish reversal--downtrend on the daily time frame
See chart-- https://ca.investing.com/equities/organigram-holdings-inc-advanced-chart

MY ASSESSMENT
1,It's Friday---so daytraders sell their position.
2.IF SPY continues to drop, so will the sp of all pot stocks
3. CHART indicates a bearish reversal on the daily time frame

And so, I expect HeXO to fall below .73 cents, and close near the low of the day..