| 
March 12, 2023
A quick look at Friday: after finishing Thursday at $105.31, iShares iBoxx $ Investment Grade Corporate Bond ETF went up to $107.14 before paring its losses and closing at $106.82.
IShares iBoxx $ Investment Grade Corporate Bond ETF made an initial breakout above its 21 day Simple Moving Average at $106.51, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $106.7 currently serving as resistance On the other hand, note that although iShares iBoxx $ Investment Grade Corporate Bond ETF is appreciating today after rising as high as $107.14, price action is now slowing and consolidating around 40 cents below the $107.22 resistance level.
Overall, looking at the technical analysis landscape, it seems iShares iBoxx $ Investment Grade Corporate Bond ETF might continue pointing upwards in the short term.
IShares iBoxx $ Investment Grade Corporate Bond ETF reached a significant high of $121.81 around 11 months ago but has lost 13.55% since then.
