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Blackrock Munivest Fund II's 15-min chart sees SMA200 turn downward.
ByAinvest
Friday, May 17, 2024 5:09 pm ET1min read
The 15-minute chart for Blackrock Munivest Fund II has recently triggered a downward turn in the 200-day simple moving average (SMA), indicating a shift in market sentiment towards a bearish outlook. Specifically, the 20-day SMA has turned upward, suggesting that sellers are gaining control and exerting downward pressure on the price in the long-term. This change in market dynamics is a significant development that warrants close attention.
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