Oklo shares soared 22% to a new record high Monday as investors continue piling into the Sam Altman-backed Nuclear energy startup.
The stock has more than doubled over the past month on growing consensus among analysts that nuclear energy-related companies will benefit from big tech hyperscalers turning to the energy source to power AI data centers.
The relative strength index confirms bullish price momentum, but also warns of extremely overbought conditions that could lead to near-term declines in the stock.
A bars pattern forecasts an upside price target of around $35, assuming the stock may be in the process of following a basic Elliot Wave pattern with five distinct swings playing out.
