To The Moon

NVIDIA $NVIDIA(NVDA)$ – Technical Analysis (H1 chart before earnings)

H1 chart

• Channel Structure: Price is currently at the top of a defined channel around USD 182, which has acted as resistance several times.

• Earnings Catalyst: With Q2 earnings scheduled for 27 Aug post-market, this level becomes a key inflection point.

• Possible Scenarios:

  A breakout above the channel could trigger further upside momentum.

  A rejection at the channel top may lead to a pullback toward the mid or lower bounds of the channel.

Using Short DLCs as a Hedge

• If own NVDA shares: If you already hold NVDA shares and prefer not to sell them before earnings, but want protection against a potential downside move, short DLCs can be considered as a tactical hedge.

• How it Works:

  Short DLCs rise in value if NVDA falls, helping offset some losses on the underlying stock position.

  Since DLCs are leveraged (e.g., –3x), even a small drop in NVDA can translate into a meaningful gain in the DLC.

There are 2 short DLCs here: $NVDA 3xShortSG261006(NVDW.SI)$ and $NVDA 3xShortSG261204US$(NVUW.SI)$

Considerations:

• DLCs are short-term trading tools; they are not designed for long-term holding.

• The size of the hedge should be proportionate to the stock position.

• Factors like bid-ask spreads and intraday volatility should be monitored.

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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.