To The Moon

3 mins technical analysis on $NVIDIA(NVDA)$

1. Uptrend Continuation: NVDA remains in an uptrend, as shown by the upward-sloping support line. Despite recent consolidation, the bullish trend is intact.

2. Range-Bound Movement: The stock is currently trading between support at $128 and resistance at $150, reflecting a consolidation phase.

3. Stochastic Oscillator Insights:

• At previous support levels, the stochastic was oversold, signaling upward reversals.

• Currently, the stochastic is not oversold, suggesting further consolidation or a possible decline before a rebound.

Using Daily Leverage Certificates (DLCs) for Short-Term Trading

1. Bullish Scenario: If NVDA bounces off $128 support and stochastic turns oversold, a long DLC can amplify gains to $150 resistance. $NVDA 3xLongSG261006(NVIW.SI)$

2. Bearish Scenario: If NVDA breaks below $128 or approaches $150 resistance with overbought conditions, a short DLC can profit from a pullback. $NVDA 3xShortSG261006(NVDW.SI)$

3. Key Considerations:

• Suitable for short-term trades only (due to daily resetting).

• Use stop-loss orders to manage risk.

• Combine with technical indicators like stochastic and key levels for better timing.

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For more information about DLCs, visit https://dlc.socgen.com/en/education/handbook 

Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.