GraniteShares 1.5x Short TSLA Daily ETF Price & Performance (TSDD)

The Graniteshares 1.5x Short Tesla Daily ETF (TSDD) is showing critical resistance at $71.29, with potential for significant upward movement to $86.59 if broken. However, traders are advised to exercise caution, as testing this level could also trigger a short signal with a downside target of $23.64.1

The semiconductor sector continues to thrive, with ETFs like VanEck Semiconductor ETF (SMH) leading one-year performance at 13.50%. Boosted by the CHIPS Act and demand for AI and crypto technologies, the sector outperformed the S&P 500, offering diverse opportunities for both speculative and long-term investors.2

TSDD's technical data suggests buy opportunities near $23.64, with this level acting as a key support. Traders are advised to set stop losses at $23.57 to mitigate risks. This aligns with broader trends of utilizing support levels as entry points for potential gains in volatile trading environments.3