Cup and Handle Points to NVIDIA’s Next Breakout Zone

Binni Ong
10-07

  • $NVIDIA(NVDA)$ continues to display a cup and handle pattern, a common bullish continuation setup.

  • The cup base formed between March and August, followed by a short handle consolidation near previous highs.

  • The breakout above USD 184–185 signals potential trend continuation, with this zone now acting as immediate support.

  • As long as price holds above USD 184, momentum remains intact.

  • A confirmed close above USD 190 could open the way toward new all-time highs, with momentum supported by improving MACD signals.

Using DLCs for Short-Term Trading

  • Traders who prefer shorter holding periods can use DLC (Daily Leverage Certificates) to capture directional momentum.

  • If NVIDIA holds above USD 184 and rebounds, long DLCs (e.g., $TESLA 3xLongSG261006(TSYW.SI)$ ) may be used for tactical entries.

  • Conversely, if NVIDIA breaks below USD 184 with increasing volume, short DLCs ( $TESLA 3xShortSG280330(RLSW.SI)$ ) can be considered for short-term pullbacks.

  • Always monitor leverage impact — price swings are amplified

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Comments

  • wobee
    10-08
    wobee
    Great analysis! Keeping my eyes on that $184 support. It's crucial for a bullish rally.
  • Reg Ford
    10-09
    Reg Ford
    NVDA’s at $184 support! Wait for close above $190 or break before picking DLCs!
  • Norton Rebecca
    10-09
    Norton Rebecca
    NVDA’s cup-and-handle breakout! Hold above $184,new ATH’s coming, go long DLCs!
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