Executive Summary

Nvidia has been one of the standout tech performers of the year, but after a 41% rally from the bullish signal triggered by my 1GT (Pro) Indicator, the big question now is: what’s next? Despite a sharp market sell-off triggered by Trump’s surprise tariff announcements, NVDA has shown resilience, holding firmly above a key breakout level.

In this article, I dive deep into the chart using my One Good Trend strategy, breaking down the exact support and resistance zones to watch, and how traders can position for what could be the next major move. Whether you're riding the momentum or waiting on the sidelines, this could be your window to act, and with DLCs offering 3X leverage, the payoff could be significant if timed right.

1. Nvidia (NVDA)

NVIDIA Corporation (NASDAQ: NVDA) is a global leader in graphics processing units (GPUs), powering everything from high-end gaming and AI acceleration to autonomous vehicles and data centers.

Looking at the long-term trend, the 100-day moving average (red line) is currently below the 200-day moving average (blue line), but there are signs of it potentially crossing above.

Both the longer term (100 and 200 day) moving averages are also pointing upward.

This suggests that the longer-term trend is still bullish and intact despite the sharp retracement seen earlier in the year from Jan to Apr 2025.

In the short term, the 20-day moving average (green line) has recently started sloping upward again, and price is trading above it.

This indicates that bullish momentum has returned in the near term, with renewed buying pressure driving the stock higher.

We’ve also seen a recent 1GT Bullish signal from my 1GT (Pro) Indicator in early May, which triggered when the stock rebounded from around the $100 level and reclaimed key moving averages.

Since then, prices have staged a sharp recovery, and this bullish signal is still playing out.

Support for now would be at the $150 level, which also coincides with the recent breakout level.

As long as price holds above this zone, the uptrend remains intact.

The next resistance to watch is at $180, where gains could start to slow if we hit that zone.

Here’s the trading plan based on my One Good Trend strategy:

A conservative approach would be to accumulate near the $150 support level on dips, with a stop-loss just below that to manage risk.

An aggressive approach would be to ride the current breakout and look toward $180 as a potential near-term target.

With both short-term and long-term trends aligning, and a 1GT Bullish signal still in motion, NVIDIA looks like one of the stronger names in the tech space right now.

A bullish play, especially if it holds firmly above the $150 level.

Will be waiting to see when a red 1GT bearish signal appears but so far not yet, after the 41.2% gain from the 1GT Bullish signal.

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.

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 😃 

If you are keen to find out more on how to be a VIP Client of mine to receive daily market updates and exclusive actionable stock ideas, you can check it out here!

Look forward to see you on the inside!

- Joey

Disclaimer and Warning

This publication is provided by Joey Choy for general information and educational purposes only.

This content has been produced by Joey Choy. Singapore Exchange Limited (“SGX”) and/or its affiliates (collectively with SGX, the “SGX Group Companies”) have not had any input into this publication and/or the content, and SGX shall not be responsible or liable for the same.

This document/material is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document/material has been published for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document/material is entirely at the reader’s own risk. Joey Choy shall not be liable for any loss arising from any investment based on any perceived recommendation, forecast, or any other information contained here.

Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Any forecast, prediction or projection in this document/material is not necessarily indicative of the future or likely performance of the product. Examples (if any) provided are for illustrative purposes only.

This document/material is not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject the SGX Group Companies to any registration or licensing requirement.

While each of the SGX Group Companies have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document/material and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document/material.

The information in this document/material may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties (if any). The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. Each of SGX, Singapore Exchange Securities Trading Limited and Singapore Exchange Bond Trading Pte. Ltd. is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore. The information in this document/material is subject to change without notice. This document/material shall not be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent. Please note that the general disclaimers and jurisdiction specific disclaimers found on SGX’s website at http://www.sgx.com/terms-use are also incorporated into and applicable to this document/material.

This article was created in partnership with Societe Generale (Singapore branch). This advertisement has not been reviewed by the Monetary Authority of Singapore. The views expressed under this article represent the personal and independent views of the author and do not constitute investment advice. 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 http://www.dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.