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HOLO Starting to Stabilize

Written By: ChartChamp

October 11, 2024

HOLO has experienced a lot of intraday volatility after the reverse stock split took effect on Oct. 9. I think the price is starting to stabilize a bit around the $5.70 support level. I will still wait until the daily candle close today to see if the price holds above $5.70 or starts to trend down. I think dips below $4.50 would be appealing buy opportunities. Last time HOLO dropped for 3 days before starting a rally on the 4th day. We are currently on the 3rd trading day, and Monday would be the 4th day. If HOLO does start to rally I don’t think we will follow the exact pattern as last time with a pump on the 4th day, but I’m hopeful for a dip and rally soon.

Next 3 weeks are seasonally bullish for HOLO. Hopefully we get something good.

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