FPG NVDA Market Report July 10, 2025

The daily chart of NVDA (NVIDIA Corporation) highlights a strong and persistent uptrend, with price reaching a new high around 162.68. Price action has been riding the upper Bollinger Band since late June, supported by a steady rise above both the cloud (Ichimoku) and short-term moving averages. This structure indicates bullish market control, with buyers comfortably maintaining momentum despite entering overbought conditions.

The current price is pressing against the upper boundary at 162.68, forming potential short-term resistance. However, there is no sign of reversal yet, as recent candles show minimal upper wicks and continued higher closes. The Bollinger Bands are expanding, confirming increased volatility in favor of the bulls. Below, the Ichimoku cloud offers a strong dynamic support base around the 130–135 zone, while the last pullback area near 145 could act as initial support should profit-taking emerge.

Momentum indicators show strength but warn of potential exhaustion. RSI (14) is currently at 73.54, signaling overbought conditions, while MACD (12,26,9) continues to trend higher with a positive histogram, indicating that upward momentum is still intact. Overall, NVDA remains in a strong bullish phase, but traders should monitor for any topping patterns or reversal signals near current levels.

Market Observation & Strategy Advice:

1. Current Position: Price is hovering at 162.68, near the upper Bollinger Band and at the edge of short-term resistance, showing strong bullish continuation.

2. Resistance: 164.15. Further extension may face profit-taking pressure.

3. Support: 145.00. Last consolidation and breakout area; 130–135 zone (Ichimoku cloud base) offers broader dynamic support.

4. Momentum Indicators: RSI (14) is at 73.54, indicating overbought status; MACD (12,26,9) remains bullish with strong upward slope and rising histogram bars.

5. Trading Strategy Suggestions:

• Trend Followers: Continue holding long positions with trailing stops.

• Countertrend Traders: Look for bearish divergence or rejection at 164.15 for short-term pullback trades.

• Breakout Watch: A clean close above 165.00 may trigger extension toward 170–175 area, aligned with momentum continuation.

Market Performance:

Stocks Last Price % Change

AAPL 211.14 +0.54%

NFLX 1,288.28 +1.02%

Today's Key Economic Calendar:

US: FOMC Minutes

UK: RICS House Price Balance

US: FED Musalem Speech

Risk Disclaimer This report is for informational purposes only and does not constitute financial advice. Investments involve risks, and past performance does not guarantee future results. Consult your financial advisor for personalized investment strategies.