Core Insights - Oklo's shares have gained significant attention following a multibillion-dollar nuclear energy deal between the U.S. and the U.K. aimed at expanding nuclear power [2][3] - The company's stock surged 64% last week and approximately 500% year-to-date, driven by increased energy demand for AI and a recent contract win with the U.S. Air Force [4] Technical Analysis - Oklo's stock broke out from an ascending triangle pattern, indicating a continuation of its long-term uptrend [6][10] - The recent rally saw the highest trading volume since late May, suggesting participation from larger investors [7] - The relative strength index indicates strong price momentum, although it has reached levels that typically precede consolidation [7][10] Price Projections - Bars pattern analysis suggests a potential upside price target of around $410, with the trend expected to continue until mid-January next year [9][10] - Key support levels to monitor during potential pullbacks are identified at $85, $70, and $58 [10]
Nuclear Power Stock Oklo Surged 64% Last Week—Here Are The Key Price Levels to Watch