OKLO After a +180% breakout earlier this year and a strong return above the $60–62 resistance zone, OKLO is now consolidating under $73.40. Let’s break it down 👇🔍 Technical Overview (4H chart)• Breakout above key resistance ($59–62), which now acts as support.
• Price is consolidating in a bullish flag formation.
• Bollinger Bands are tightening — potential volatility ahead.
• Volume declining — market in a wait-and-see mode.
📉 Indicators:
• Stochastic Oscillator: curling down from 80+ zone — short-term exhaustion
• RSI: rolling over below 60 after peaking near 70 — momentum is fading
• Price Action: Still holding above support, but losing bullish strength📰 What drove the price to $55 (Feb 2025)?
• ✅ Wedbush sets $55 target, highlighting AI data center energy demand
• ✅ Q1 earnings: net loss narrowed to $0.07/share from $4.79/share
• ✅ Regulatory optimism: fast-track support for SMRs by U.S. government
📉 The following correction was largely technical (profit-taking after overextension).🚀 Why OKLO surged again to $73+ (June 2025)
• 🛡 $100M DoD contract for Aurora reactor on Eielson Air Force Base
• 💸 New capital round ($460M), backed by Bill Gates and Nvidia Ventures
• 📈 Wedbush upgrades target to $75, citing defense + AI synergy📐 What I’m Watching Now
Price remains above key support (~$61.8), but both RSI and Stoch are weakening. A breakdown below support may open the way for deeper correction — but volume will be the trigger.
📌 Break above $73.40 on strong volume could mark the next bullish leg
Trade active
The stock is trading close to a key support level. If we see upward movement from here, it could present a good buying opportunity. Watch for confirmation on volume and price action.
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.
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.