NVIDIA Corporation (NVDA) Is Extremely Bullish Long-TermNVIDIA CorporationBATS:NVDAtmapendembeThis is a daily candlestick chart of NVIDIA Corporation (NVDA), with price action up to July 6, 2025. Let’s break down the technical analysis based on the chart and indicators: 🔍 Key Indicators on the Chart: 50-day Simple Moving Average (SMA) – Blue line (Currently at $134.08) 200-day Simple Moving Average (SMA) – Purple line (Currently at $130.03) Volume Bars – At the bottom Recent Price – $159.34 📈 Trend Analysis: ✅ Uptrend Confirmation: Price is well above both the 50-day and 200-day SMAs, signalling a strong uptrend. The 50-day SMA has recently crossed above the 200-day SMA, forming a Golden Cross, a classic bullish signal. Momentum is strong, as evidenced by large green candles and increasing volume during the rally. 📊 Volume Analysis: There is increasing volume during the recent price breakout in late May to July, supporting the validity of the upward move. Strong green volume bars suggest institutional buying or heavy accumulation. 🔄 Support and Resistance Levels: Resistance Turned Support: Around $135–$140, where price previously consolidated and the 50-day SMA now resides. Immediate Resistance: The stock is near a local high (~$160), which may act as psychological resistance. Next potential resistance zone: If it breaks above $160 cleanly with volume, it could rally toward $170–$175, based on Fibonacci extensions or prior rally legs. ⚠️ Risk Factors / Reversal Signals: Overbought Short-Term: The steep angle of the recent move may lead to a short-term pullback or consolidation. Watch for: Long upper wicks (rejection candles) Bearish divergence (not shown here but RSI/MACD would help) Gap fills below ~$125 if selling pressure increases 📌 Conclusion: Trend: Strong bullish trend Signal: Golden Cross + strong volume breakout = bullish continuation signal Tactical Play: Buy on minor pullbacks (to $148–$150 or 50-SMA) or breakout confirmation above $160 with high volume Risk Management: Tight stop-loss below $147 (gap support) if you're trading short-term NOTE: For more detailed technical and fundamental analysis, subscribe to my free newsletter . The newsletter link is in my profile. I publish the newsletter once per week. Every Sunday it lands into your inbox for you to be ready for the next stock market open day.