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开奖号码历史查询:artificial intelligence infrastructure.

The latest round of investor enthusiasm came after the announcement this week of a $500 billion AI infrastructure𒈔 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 agreements to power ♔data centers bui🌌lt under the project.

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5💫开奖号码历ꦚ史查询:big rally for nuclear energy companies.

Below, we take a closer look at Oklo’s chart and apply 澳洲幸运5开奖号码历史查询:technical analysis to﷽ point out key price levels wor✤th watching out for.

Falling Wedge Breakout

After a volume-backed breakout above key 澳洲幸运5开奖号码历史查询:resistance in mid-October, Oklo shares consolidated within a 澳洲幸运5开奖号码历史查询:falling wedge for several months before breaking ou🌊t above the pattern in late 🌠December.

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开奖号码历史查询:institutional buying participation.

While the 澳洲幸运5开奖号码历史查询:relative strength index (RSI) confirms the stock’s strong price momentum, the indicator has moved into 澳洲幸运5开奖号码历史查询:overboughtဣ territory, raising the prospect of short-term profit taking.

Let’s turn to Oklo’s chart to forecast a bullish 澳洲幸运5开奖号码历史查询:price target and identify major 澳洲幸运5开奖号码历史查询:support levels that could come into focus during 澳洲幸运5开奖号码历史查询: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开奖号码历史查询: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开奖号码历史查询:lock in profits.

We selected this prior move because it also commenced from the lower ꦉtrendline of an earlier falling wedge pattern on the chart and cl😼osely 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开奖号码历史查询:confluence of support from the recent retest of the 澳洲幸运5开奖号码历史查询:50-day moving average and 🍒a series of comparable price points stretch𒊎ing back to late October.

Finally, selling below this level could see Oklo shares decline to around $17. Investors may seek 澳洲幸运5开奖号码历史查询:entry points in this region near a 澳洲幸运5开奖号码历史查询:horizontal line than liꦓn🍸ks the prominent April and May peaks with last month’s trough.

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