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March 05, 2023
A quick look at Friday: a bright session dominated by bullish sentiment helped ICLN to close 40 cents higher, while setting a $19.44 to $19.84 session range.
IShares Trust – iShares Global Clean Energy ETF made an initial breakout above its 21 day Simple Moving Average at $19.76, a potential indicator of a newly emerging bullish phase. Despite this, iShares Global Clean Energy ETF is 16 cents away from testing key resistance at $19.94. Peaking above this level could inspire market bulls and open the path to further gains.
Overall, looking at the technical analysis landscape, it seems iShares Global Clean Energy ETF might continue pointing upwards in the short term.
The fund has been trending lower for about a month. IShares Global Clean Energy ETF reached a significant high of $23.61 around 6 months ago but has lost 17.92% since then.
