Executive Summary

After a sharp sell-off triggered by Trump’s sweeping tariffs and rising fears of a global tech war, Nvidia and Tesla now sit at critical technical levels. In this article, I break down what’s happening beneath the surface using my One Good Trend (1GT) strategy and 1GT (Pro) Indicator.

Nvidia is testing key support zones at $100 and $80, while Tesla is clinging to the crucial $215 level—but neither has shown a clear reversal signal yet. With short-term trends still pointing down, traders must tread carefully. I’ll show you exactly what to look out for before jumping in—and how to potentially magnify your returns using DLCs whether the market rebounds or sinks further. This could be the calm before the storm—are you ready to act when the next move begins?

1. Nvidia (NVDA)

NVIDIA Corporation, a global leader in graphics processing units (GPUs), AI computing, and data center solutions, has seen strong investor interest over the past year driven by the generative AI boom.

Recently, however, the stock experienced some volatility amid heightened competition concerns following the launch of new China-based AI models in Jan 2025 by DeepSeek.

US president Mr. Trump announcement of sweeping reciprocal tariffs in early April 2025 also further led to a sharp sell-off pushing it to a new recent low.

From a technical perspective using my One Good Trend strategy, NVIDIA’s longer-term trend has been disrupted but not fully broken.

While the 100-day moving average (red line) is still holding above the 200-day moving average (blue line), we are seeing signs of it pointing down and potentially crossing below it.

This can lead to the longer-term trend pointing down when that happens.

In the short term, the 20-day moving average (green line) is still pointing down, which reflects continued downward pressure in the near term.

This suggests the short-term trend remains bearish unless we see a stronger shift in momentum.

While I’ve manually drawn a green arrow pointing higher from the $80 to $100 support zones, this is not an actual signal from my 1GT (Pro) Indicator.

 Instead, it's a projection of what could happen if buyers begin to return more decisively near these key support areas.

At this point, there are no fresh bullish 1GT signals yet to confirm a reversal.

In fact, we’ve seen a cluster of bearish 1GT signals from Jan to March 2025 even before the sell down in April, many of which played out as NVIDIA lost its short-term strength.

Without a new green 1GT bullish signal appearing on the chart, the setup remains speculative, and traders should remain patient until we get clearer confirmation.

Support is seen around $100 and more firmly at $80, both levels where the stock has previously attracted strong buying interest.

These levels could offer a potential base for a rebound, but only if volume builds and a bullish 1GT signal appears.

For now, conservative traders may want to wait for the 20-day moving average to flatten and curl up, along with a bullish 1GT trigger, before considering any positions.

Until then, the bias remains cautious with further downside risk still in play.

In summary, while NVIDIA remains fundamentally strong and is now testing major support zones, the technicals are not yet flashing a clear buy.

Patience is key here, and I’ll be watching closely for a valid bullish 1GT signal to confirm the next move higher.

So, how does one take a position in NVDA whereby you are able to reap more potential return to ride either the downside or upside further?

Those keen to ride on the short-term upward momentum in NVDA shares can consider using Daily Leverage Certificates (DLCs) traded on SGX to leverage on that move.

The reason for that is that the DLCs can potentially generate magnified returns for a given move in the underlying. You can trade both Long or Short directions and in USD or SGD trading currency.

Traders who are bullish can consider the 3x Long DLCs on Nvidia while those who are bearish can consider the 3x Short DLCs as tabled below.

Magnificent 7 US Stock DLCs

The US Stock DLCs are designed to provide a fixed 3 times leverage performance on the underlying US stock daily performance on a US market close-to-close basis. The basic principle of the daily performance is therefore as such:

• If the US stock rises by 2% on a US market close-to-close basis, the respective 3x Long DLC will rise by 6% and 3x Short DLC will fall by 6% accordingly on a US market close-to-close basis, before overnight cost and fees.

• If the US stock falls by 2% on a US market close-to-close basis, the respective 3x Short DLC will rise by 6% and 3x Long DLC will fall by 6% accordingly on a US market close-to-close basis, before overnight cost and fees.

Investors can trade the US Stock DLCs during SGX market hours 9:00AM to 5:00PM via any regular stock brokerage account where Societe Generale as the Designated Market Maker will provide live tradable prices and intra-day liquidity, offering investors a new trading window during Asian hours when US markets are closed.

Visit DLC.socgen.com/usdlc to find out more.

2. Tesla (TSLA)

Tesla Inc., one of the world’s leading electric vehicle and clean energy companies, has seen a significant retracement over the past few months after its sharp rally that peaked in late December 2024.

The weakness started when a bearish 1GT signal was triggered right at the top, and since then, prices have been gradually moving lower, slipping below both the 20-day moving average (green line) and the 100-day moving average (red line).

This shift clearly broke the prior uptrend.

Looking at the current setup, the long-term trend is still uncertain.

The 100-day moving average (red line) is beginning to point down, and price is trading below both the 100-day and the 200-day moving averages (blue line), which indicates weakness in the broader trend for now.

On the short-term side, the 20-day moving average (green line) is starting to flatten out, reflecting a sideways consolidation in the short term. No bullish reversal has been confirmed yet.

The recent green arrow drawn on the chart represents a potential projection for a rebound, with price hovering near key horizontal support at $215.

This level has acted as a crucial support multiple times in the past, where buyers stepped in.

If this level continues to hold, we could see some stability or even a technical rebound from here.

However, it’s important to highlight that no new bullish 1GT signal has been triggered at the current levels.

Without this confirmation and with the 20-day moving average still flat, it’s too early to call a reversal.

For a clearer shift in momentum, traders should wait for a bullish 1GT signal to appear and for the 20-day line to start turning up decisively.

For now, this remains a watchlist stock.

Support remains firmly at $215, and any signs of reversal should be evaluated alongside key confirmation tools like my 1GT (Pro) Indicator and the behavior of the moving averages.

A break back above the $300 resistance would be more meaningful, but that would require strong bullish confirmation. Until then, patience is key.

So, how does one take a position in TSLA whereby you are able to reap more potential return to ride either the downside or upside further?

Those keen to ride on the short-term upward momentum in TLSA shares can consider using Daily Leverage Certificates (DLCs) traded on SGX to leverage on that move.

Traders who are bullish can consider the 3x Long DLCs on Tesla while those who are bearish can consider the 3x Short DLCs as tabled below.

Magnificent 7 US Stock DLCs

The US Stock DLCs are designed to provide a fixed 3 times leverage performance on the underlying US stock daily performance on a US market close-to-close basis. The basic principle of the daily performance is therefore as such:

• If the US stock rises by 2% on a US market close-to-close basis, the respective 3x Long DLC will rise by 6% and 3x Short DLC will fall by 6% accordingly on a US market close-to-close basis, before overnight cost and fees.

• If the US stock falls by 2% on a US market close-to-close basis, the respective 3x Short DLC will rise by 6% and 3x Long DLC will fall by 6% accordingly on a US market close-to-close basis, before overnight cost and fees.

Investors can trade the US Stock DLCs during SGX market hours 9:00AM to 5:00PM via any regular stock brokerage account where Societe Generale as the Designated Market Maker will provide live tradable prices and intra-day liquidity, offering investors a new trading window during Asian hours when US markets are closed.

Visit DLC.socgen.com/usdlc to find out more.

About the Author - Joey Choy

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

More about Joey here

Hope you have found the above content useful 😃 

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Look forward to see you on the inside!

- Joey

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