Browse Symbol Stacks: GME: slopechart_GME.jpg

slopechart_GME.jpg

GME 

I was over on Reddit and the algo pulled up a GME post/chart. The post featured this enormous pennant, which devotees have dubbed "The Dorito". There have been numerous doritos since the 2020 funsies and this is the latest iteration. 

The chart I viewed over there, however, shows price resting neatly in the bottom of the dorito, and goes on to imply that we are on the cusp of an enormous breakout to the upside.  

For giggles I roll over to SlopeCharts to confirm this bit of insanity, except, even if I cheat a bit and do not anchor to the low, price has fallen out of the dorito, in the direction nobody (except Tim) likes. 

24 days to be precise, creeping out the bottom. This is not a prediction, only a refutation of a bullshit chart. Price currently, in my opinion, is in the middle of nowhere, and I offer no direction. 

Happy Monday!

Image added via SlopeCharts
slopechart_GME.jpg

Comments

Mr. WizardMr. Wizard
I'm not a fan of huge pennants like this one. Price should bounce between upper and lower trendlines, clearly defining the pennant, and have either 4 or 5 touches total. 
And this would be a horizontal pennant, breaking downwards, not a good sign if you're a bull. 9/1/25
sandunessandunes
Things get weird when the price just meanders sideways out of patterns. At that point, I have no idea where things are headed. Not shown in the chart clearly, but this thing is also pretty much in the middle of fibbies as well. Playin' fibs would have been an worthwhile strategy in the past for interested parties. At the moment, I got nothin'. 9/1/25
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sandunes

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