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 > Daily bearflag on watch, if we break support at 0.20 USD.

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Comment by Rotalucepson Sep 06, 2022 9:31pm

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Post# 34945419

RE:RE:RE:RE:Daily bearflag on watch, if we break support at 0.20 USD.

Touran77 wrote:

Touran77 wrote:

Touran77 wrote:

Touran77 wrote: Target of the bearflag is 0.15 USD.

GLTA

Touran

0.20 USD support is holding real well so far.
8th day in a row.

Touran

Have a few PMs regarding daily bearflag, so it'll be easier to answer all at once here.

There is basically no update, bearflag still didn't get confirmed as we didn't break 0.20 USD support. I already hear stupid Ben saying we did so I will reiterate that going under support by 0.004$ and for a few seconds is not breaking support lol.

Also, the target is just 20% below, so only experienced swing traders or even day traders should care about that one.

GLTA and carefull for beartrap!

Touran

Hexo confirmed daily bearfllag and target is 0.15 USD. Good luck to anyone with orders at this target! Could take up to 8 days based on how long it took to go down from 0.27 USD.

Technicals don't always work but that kind of pattern usually reach target 7-8 times out of 10 based on my experience

Here is a link for anyone that is interested in learning basic technicals like bull/bear flag. Oh Dumb dumb Ben, bearflags are just the opposite of bullflag :).
https://www.investopedia.com/stock-analysis/cotd/answ20090105.aspx

Touran

Tonto trying to look smart. Unless you are a gambler, a bagholder, a believer, an inexperience investor, a broken guy who can't afford a more expensive stock, no serious investor would buy Hexo unless institutionals.Just to figure how useless is your post,

I would not risk $10,000 on Hexo on a respirator for a $100.00 gain at a $0.01c variation.

Take a culculator and calculate 10,000 x .01 = 100

Tonto pretending to be an expert in technical. Then, later he will say that he was right while it iis so obvious. I told you two years ago ++ that the not only Hexo but the sector was going down because of the competition. I am not static, I reevaluate with each quarter result. Since I don't have a tunnel vision problem, they never delivered.

Think about this TontoTech........

I would not risk $10,000 on Hexo on a respirator for a $100.00 gain at a $0.01c variation.

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