Technical analysis by bbqgio about Symbol NVDAX on 1/7/2026

NVDA is stuck in a clean daily rectangle after a strong run into early November, with price repeatedly rotating between $178 support and $198 resistance. With EMA 20/60/120 now tightly clustered and volatility compressing, the market is effectively coiling—waiting for a decisive catalyst rather than offering easy trend follow-through inside the range. The most actionable plan is still the upside resolution: a decisive daily close above $198 (ideally supported by a clear volume expansion) would signal the range has broken and the prior trend is attempting to resume. If that breakout holds, the next magnet is the prior high area near $210, with the first risk-managed “line in the sand” being a loss back below the breakout zone. If price fails to reclaim the top of the box and instead breaks down, the structure flips. A daily close below $178 would invalidate the rectangle and shift focus to a deeper correction, with $160 as the next meaningful downside objective. This is a study, not financial advice. Manage risk and invalidations. Thought of the Day 💡 Compressing volatility doesn’t predict direction—but it often predicts a larger move once the market chooses. ------------------------- Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts!