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HOLO Facing Resistance at $0.41

Written By: ChartChamp

September 3, 2024

HOLO is trading right below a key resistance zone between $0.41 and $0.43. I think HOLO is likely to get rejected here and start trending back down to all time lows around $0.28. As a reminder, next week is a very bearish week for HOLO with 40% decline on average.

There is an important Sept. 27 shareholder meeting that is likely to provide the catalyst for a rally in October. HOLO is likely to experience a 1:20 reverse split, which is what sparked the last rally. If the proposal is approved the reverse split could occur in early October. I think it will be, and I think there will be a dip for a buy opportunity before the reverse split.

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HOLO Facing Resistance at $0.41

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