Core Insights - The company has experienced significant growth recently, particularly in the last 20 days, with a notable uptrend confirmed by the average directional index (ADX) reaching close to 70 [2][3]. Trading Patterns - In the last trading month, the stock exhibited a sideways pattern initially, followed by a series of higher highs and higher lows, indicating a strong upward trend [2]. - A $40 move was observed on Friday from the lows, followed by a consolidation phase attributed to profit-taking [3]. Support and Resistance Levels - Current support levels are identified around the 38.2% Fibonacci retracement, with potential deeper support at 126, which represents a 50% retracement [3][4]. - Resistance is anticipated at the all-time intraday highs of 146, with aggressive traders possibly targeting higher levels [4][6]. Volume and Momentum - The one-year chart indicates a basing pattern earlier in the year, followed by a breakout and increased trading volume within a channel [5]. - The breakout on Thursday led to a significant power move on Friday, with momentum indicators showing higher highs and an RSI of approximately 87 [6]. Overall Market Sentiment - The stock is gaining attention on social media, reflecting heightened interest among traders [7].
Chart of the Day: OKLO