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HOLO Back to $0.28 Already

Written By: ChartChamp

September 9, 2024

I warned you guys that I think HOLO is bearish after the dilution announcement, and I gave a $0.28 target after HOLO was rejected at $0.41. On the chart we can see a systemic pattern of down and sideways from the $0.76 peak down to the $0.28 lows. The seasonality data is extremely bearish for this current week and HOLO is at risk of dropping lower. With a 40% decline on average this week, HOLO is at risk of dropping below 20 cents. I emphasized that I’m bearish short term primarily because I felt that insiders are driving the price back down after diluting at $0.76. However, I think the Sept. 27 shareholder meeting will be a key catalyst that could help HOLO rally around early October. I think this October rally will be the real pump that I’ve been patiently waiting for.

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