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HOLO Opens With a Bearish Gap Lower

Written By: ChartChamp

October 3, 2024

Yesterday HOLO finally released some news regarding the shareholder meeting and 20:1 reverse stock split. There was a strong selloff from the news and HOLO opened the daily candle with a bearish gap lower. HOLO is currently trading near $0.28 support, and is attempting to hold above the $0.28 support level. The reverse split will take place on Oct 9, which is next week. I think there could be some dips this week and next week for a chance to buy. Last time there was a reverse split HOLO continued to decline for 3 days before the start of a strong rally. I believe that insiders are only interested in pumping the price after the reverse split has already occurred so I don’t see a rally starting before Oct. 9.

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