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HOLO Shareholder Meeting Today

Written By: ChartChamp

September 27, 2024

HOLO has an important shareholder meeting today, and there is likely to be a 1:20 reverse split sometime next week. We’ll have to wait for some news today or over the weekend to see the details of the reverse split. For now HOLO is trading near a $0.2797 resistance level, and is attempting to flip resistance into support. I believe HOLO insiders want to do a reverse split, drive the price up, and short the stock back down again. This has been a consistent pattern so hopefully they do it again sooner rather than later. HOLO’s last reverse split resulted in 3 days of downside after the split before HOLO started to rally. So keep in mind there could be some downside after the split. Also possible that the stock rallies immediately after the split too.

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