To The Moon

In my article earlier on “NVIDIA Eyes Key 117 Level – Breakout or Rejection?”, once price breaks out of 117, it went straight to trade at around 135. What’s up with $nvda now?

Earnings Date NVIDIA is scheduled to announce earnings on 22 May 2025 (Wednesday), a key event that could trigger heightened volatility.

Chart Overview

• Resistance Breakout: NVDA recently broke above the key resistance level of $117, which had capped price movements since early 2025.

• Channel Breakout: The breakout also coincides with a move above a downsloping price channel, signalling a potential shift in momentum.

• Current Price: Price is now trading near $135, showing strong bullish momentum following the breakout.

Scenario Analysis

• Scenario 1: Continued Upward Momentum

  If the bullish momentum continues, the next major resistance is around $149 (previous swing high).

• Scenario 2: Post-Earnings Pullback

  A retracement could occur, with the $117 level now acting as support. This level will be closely watched for signs of rebound or breakdown.

Using DLCs for Short-Term Trading

• Long DLCs ( $NVDA 3xLongSG261006(NVIW.SI)$ ): Traders looking to capture continued upside may consider long DLCs, especially if price holds above the $117 support or continues heading toward $149.

• Short DLCs (e.g. $NVDA 3xShortSG261006(NVDW.SI)$ ): If price shows rejection around the $135–$149 zone or breaks below $117, short DLCs may provide leveraged exposure to the downside.

• Earnings Consideration: With the upcoming earnings event, DLCs allow participation in directional moves with defined maximum loss, limited to the invested capital.

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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.