NVIDIA Eyes Key 117 Level – Breakout or Rejection?

$NVIDIA(NVDA)$ Technical Analysis

• NVDA has been in a short-term downtrend, forming lower highs and lower lows.

• Current resistance is in the 114–117 zone.

• A break above 117 would signal a reversal of the short-term downtrend.

• Price is still below the highlighted resistance, suggesting sellers are still in control for now.

• Support zone lies between 90–95.

• If price fails to break above 117 and turns down, retest of 90–95 support zone is possible.

Using DLCs for Short-Term Trading on NVDA

• Traders can use Daily Leverage Certificates (DLCs) to capture short-term price movements in NVDA.

• If the price breaks above 117 with strong momentum, long DLCs (e.g. $NVDA 3xLongSG261006(NVIW.SI)$ )will likely gain in value.

• If the price fails to break above 117 and reverses lower, short DLCs ( $NVDA 3xShortSG261006(NVDW.SI)$ )will likely benefit from the downside movement.

• DLCs offer leveraged exposure without the need for margin accounts.

• Important to note: while DLCs can amplify gains, they also magnify losses — proper risk management is crucial.

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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.