Black Rock Science and Technology Trust Idea. NYSE:BSTMake sure to do your own research before investing. The chart is not based on any fundamental analysis and is for technical (visual) purposes only.
According to blackrock.com, "BlackRock Science and Technology Trust (BST), is a perpetual closed-end equity fund. BST commenced operations in October 2014 with the investment objectives of providing income and total return through a combination of current income, current gains and long-term capital appreciation. Under normal market conditions, the Trust will invest at least 80% of its total assets in equity securities issued by U.S. and non-U.S. science and technology companies in any market capitalization range, selected for their rapid and sustainable growth potential from the development, advancement and use of science and/or technology (high growth science and technology stocks), and/or potential to generate current income from advantageous dividend yields (cyclical science and technology stocks). As part of its investment strategy, the Trust intends to employ a strategy of writing (selling) covered call options on a portion of the common stocks in its portfolio."
This is my first idea on trading view so take it with a grain of salt, if you will. Thanks for stopping by.
BST trade ideas
how I played BST recentlyEntry 1 triggered, Entry 2 never triggered
I didn't hold all the way until 34.26 but it made a lot of sense for people to sell there
Now seeing how far this will pullback
Current NAV is listed (Net Asset Value) - through 2015, 2016, and 2017 this fund traded at a discount to NAV meaning it was cheaper to buy this fund rather than buying the individual stocks that it held. Those days might be gone unless we hit a recession.
I would watch the interactions between the 50sma (green line) and the 100sma (if it gets there) (light blue line)