BlackRock Municipal Income Fund $MUI Downtrend Channel Breakout

  • Post category:Stock Trading
  • Reading time:2 mins read
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The BlackRock Municipal Income Fund $MUI is confirming a downtrend channel breakout on November 21, 2022. This is the second income fund that we’ve seen breakout of a downtrend channel in the last couple of weeks.

Blackrock Muni Income Fund stock chart on November 21 2022 with a downtrend channel breakout chart pattern and rising MACD and improving money flow
Blackrock Muni Income Fund stock chart on November 21 2022 with a downtrend channel breakout chart pattern and rising MACD and improving money flow

Many bond experts say that we are seeing the best prices in the fixed income markets going back to 2008. Munis are a very seasonal market and so the next three months are the best time to trade them according to David Albrycht.

Next three months the best time to get into munis, says NewFleet’s David Albrycht

Next three months the best time to get into munis, says NewFleet's David Albrycht
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