OKLO is setting up a textbook cup and handle breakout on the daily chart, signaling a potential continuation of its impressive uptrend. The cup formed over several months with a rounded bottom, showing healthy accumulation behavior and strong trend structure. Following that, the handle is shaping into a clean bull flag — marked by a tightening price range with declining volume, which is typical before a breakout. The breakout trigger is a daily close above the $56–57 range, which would confirm the pattern and likely lead to strong momentum upside.Using measured move logic and Fibonacci extensions from the cup’s depth and the flag’s structure, I’ve mapped out four staged price targets: $74.50, $108.00, and $184.25. These represent a potential upside of 31%, 91%, and 233% respectively if the pattern plays out fully. RSI is curling up around 54, which hints at building momentum — a breakout above 60 would further confirm strength. The Lum3n Trend Cloud remains bullish, the 8/21 EMAs are intact, and the 200-day moving average is far below current price levels, supporting the long-term bullish bias.
If
OKLO can break out of this handle with conviction and strong volume, the setup offers one of the cleanest technical continuation patterns on the chart right now. Watch closely for a breakout and hold above the $56 neckline — confirmation here could kick off the next powerful leg higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.