OKLO’s Energy: Time for a Cup (and Handle) of Coffee-Fueled

Chart Pattern and Technical Setup

Key Levels

• Current Price: $52.72
  
• Resistance (Cup Rim): ~$54–$55
  
• Support Levels:
  
• $31.46 (intermediate support)
  
• $20.00 and $17.60 (strong support zone)
  

• ‼️ A clear cup and handle formation, a bullish continuation pattern. The cup is well-defined, with a rounded bottom and a rim near the $54–$55 level.
  
• 📊 The handle is forming, indicating a potential breakout if the price closes decisively above the cup rim (around $54–$55).
  

Measured Move Target

• The height of the cup is approximately $39.60, representing a 222.26% move from the bottom to the rim.
  
• If the breakout occurs, the projected target is near $94, as shown by the dotted orange trendline and the measured move arrow.
  

Moving Averages

• EMA 20/50/100/200 are all trending upwards, supporting the bullish momentum.
  
• EMA20: $40.35
  
• EMA50: $33.63
  
• EMA100: $30.33
  
• EMA200: $25.63
  

MACD Indicator

• The MACD is bullish, with the MACD line above the signal line and green histogram bars, indicating upward momentum.
  
• Previous MACD crossovers have coincided with significant price moves.
  

Volume and Momentum

• The most transactions so far have been at $21.
  
• The price action and MACD suggest increasing buying interest as the handle forms.
  

Summary

• A bullish outlook for Oklo Inc. (OKLO), with a classic cup and handle pattern pointing to a potential breakout.
  
• A decisive move above $54–$55 could trigger a rally toward the $94 target.
  
• Key support levels are at $31.46, $20.00, and $17.60, which may act as safety nets in case of a pullback.
  
• The overall technical setup, including rising EMAs and a bullish MACD, supports the case for further upside, provided the breakout confirms.
  
• Even if the markets go in the opposite direction, there is a high probability that OKLO will diverge from the market.
• Estimated timeframe to complete formation is 4 weeks (1-7 July)