Direxion Daily CSI 300 China A Share Bull 2X Shares Price & Performance (CHAU)

The GraniteShares 2x Long BABA Daily ETF (BABX) surged over 43% last week, driven by Alibaba's stock rally. Factors include Jack Ma's return, AI development initiatives, and a new partnership with Apple. Investor optimism and potential government support further bolstered the ETF's performance.1

Technical analysis for the Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) suggests buying near $13.09 with a target of $15.19. Resistance at $15.19 signals potential short opportunities with a downside target of $13.09. Updated strategies are critical as market conditions evolve.2