ICLN closed at $18.63 after losing 0.53% Friday

A quick look at Friday: down on the day: iShares Global Clean Energy ETF closed at $18.63 after ranging between $18.57 and $18.89.

IShares Trust – iShares Global Clean Energy ETF could begin to recover as it approaches significant support, now 12 cents away from $18.51. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, iShares Global Clean Energy ETF peaked above its 21 day Simple Moving Average around $18.85 — typically an early indicator of a new bullish trend beginning to emerge. On the other hand, note that iShares Global Clean Energy ETF is currently flirting with an active Fibonacci support level around $18.61.

Technical analysis shows that iShares Global Clean Energy ETF (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, Nike lost 3.46% Friday and closed at $118.87. After ending Friday's session at $93.76, Walt Disney lost $2.41 and is trading around $91.35. Morgan Stanley lost 2.66% Friday and closed at $84.49.

Having soared to a high of $23.61 approximately 9 months ago, iShares Global Clean Energy ETF is now trading 20.67% lower.