Here’s the next pivot on NVDA! – April 22, 2026

by MarketMentor
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Read the transcript HERE

Key Takeaways

  • The Power of Basing: Tight consolidation just under resistance (basing) often acts as a coiled spring. The longer a stock goes sideways without breaking down, the more powerful the eventual breakout tends to be.

  • Reclaiming Averages: $NVDA’s ability to reclaim the 200-day moving average within days of losing it is a bullish sign of institutional support.

  • Fake Breakouts vs. True Pivots: The stock has a history of failed moves over the last several months. To avoid another “trap,” a strong close above the pivot level is mandatory.

  • Risk Management: Using the 8-day EMA allows for a tight stop, ensuring that if the trade doesn’t work immediately, the loss is kept small.

NVIDIA: Is the “Sideways Snore-fest” Finally Ending?

The Longest Grind

For almost a year, NVIDIA ($NVDA) has been the “Lucy and the Football” of the stock market. Every time it looks ready to go on a tear, it pulls back into a boring, sideways grind. We’ve seen fake breakouts, a brief dip below the 200-day moving average, and months of frustrating price action. For many traders, the patience has run thin. But as Scott McGregor explains, the most boring charts often lead to the most exciting moves.

The Coiled Spring

Currently, NVIDIA is “basing” right under heavy resistance. This is technical speak for the stock “catching its breath” before trying to climb a mountain. We saw sharp rejections at the $200–$210 level back in October 2025, and the stock is now knocking on that door again. The difference this time? It has reclaimed its key moving averages and is holding steady rather than falling away.

Trading the Truth, Not the Hype

We aren’t interested in guessing if NVIDIA is going higher because of AI or gaming news; we are interested in what the price action tells us. The arbiter of truth here is the $202.80 level. If the stock can push through that mark on high volume, it signals that the “weak hands” have been flushed out and institutions are ready to drive the price into a new trend.

Your Battle Plan

Success in this trade requires discipline. We are setting an alert at $202.80 and using the 8-day EMA as our guardrail. If it breaks out, we ride the momentum. If it closes back below the average, we exit with a small “tuition payment” and wait for the next setup. In a market that loves to whipsaw, having a defined pivot is your only protection.

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