Oklo (OKLO) shares surged to another record high Friday as investors continue to bid up nuclear energy companies on expectations of growing energy demand to support 澳洲幸运5官方开奖结果体彩网:artificial intelligence infrastructure.

The latest round of investor enthusiasm came after the announcement this week of a $5🍌00 billion AI infrastructure development project. The initiative, a joint venture between Oracle (ORCL), OpenAI, and Japan's SoftBank, bodes well in particular for Oklo. The nuclear company is backed by OpenAI CEO Sam Altman and could win energy ag💖reements to power data centers built under the project.𓂃

Oklo shares were up 10% at $42.50 in afternoon trading Friday. The stock has doubled since the start of 2025, leading a 澳洲幸运5𝓀官方开奖结果体彩网:big r🎃ally for nuclear energy companies.

Below, we take a closer look at Oklo’s chart and apply 澳洲幸运5官方开奖结果体彩网:technical analysis to point out key price levels worth watching꧃ out for.

Falling Wedge Breakout

After a volume-backed breakout above key 澳洲幸运5官方开奖结果体彩网:resistance in mid-October, Oklo shares consolidated within a 澳洲幸运5官方开奖结果体彩网:falling wedge for several months before breaking out above the pattern in late D🍎ece🎃mber.

Since that time, the stock has continued to trend sharply higher, with gains accelerating on increasing share turnover in recent trading sessions, suggesting 澳洲幸运5官方开奖结果体彩网:institutional buying participation.

While the 澳洲幸运5官方开奖结果体彩网:relative strength index (RSI) confirms the stock’s strong price momentum, the indicator has moved into 澳洲幸运5官方开奖结果体彩网:overbought territory, raising the prospect of short-term profit takin🐟g.

Let’s turn to Oklo’s chart to forecast a bullish 澳洲幸运5官方开奖结果体彩网:price target and identify major 澳洲幸运5官方开奖结果体彩网:support levels that could come into focus during 澳洲幸运5官方开奖结果体彩网:pullbacks.

Bullish Price Target Forecast

Investors can forecast a bullish target by using bars pattern analysis, a technique that studies prior trends to anticipate future price movements, based on the assumption that 澳洲幸运5官方开奖结果体彩网:price history often rhymes.

When applying the tool to Oklo’s chart, we take the price bars comprising the stock’s trend from early September to late October and reposition them from last month’s low. This projects a bullish target of around $75, a location where investors may decide to 澳洲幸运5官方开奖结果体彩网:lock in profits.

We selected this prior move because it also commenced from the lower trendline of an earlier falling wedge pattern on the char🍸t and closely mimics the current uptrend.

Major Support Levels to Monitor

During profit-taking, investors should initially keep track of the $23 level. This area on the chart encounters a 澳洲幸运5官方开奖结果体彩网:confluence of support from the recent retest of the 澳洲幸运5官方开奖结果体彩网:50-day moving average and a series🐓 of comparable price points stretching back to l✤ate October.

Finally, selling below this level could see Oklo shares decline to around $17. Investors may seek 澳洲幸运5官方开奖结果体彩网:entry points in this region near a 澳洲幸运5官方开奖结果体彩网:horizontal line than links the 💎prominent April and May peaks wit🌳h last month’s trough.

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