Neutral/Negative Catalysts
- Reverse split announcement often reads as a negative signal about prior price weakness and can reduce liquidity/participation, increasing choppiness.
- Trend remains bearish (downtrend MA stack), so rallies may be sold until price reclaims/holds above the pivot (4.336).
- Recent tape: pre-market indicated -5.07% and regular session -1.85%, reinforcing near-term selling pressure.