OKLO’s AI nuclear hype meets a cold technical reality

Oklo Inc. (OKLO) has become a favorite for investors looking to play the intersection of advanced nuclear technology and the massive power demands of AI data centers. Their fast fission reactors are a compelling story, but the fundamental timeline remains a major hurdle. As of today, Oklo has zero operational plants. Furthermore, management doesn't expect to have a plant online until late 2027 or early 2028. This leaves the company with a multi-year gap where no continuous revenue is being generated, making the stock highly sensitive to technical shifts and market sentiment.

When we look at the daily chart, the technical picture is flashing warning signs. From September through early November, OKLO carved out a clear head and shoulders pattern. This bearish formation has already triggered, and based on the height of the pattern, it carries a measured move target of $37.09.

Since the end of November, price action has been fighting to hold support at the $80.75 level. It has bounced off this area several times, but each attempt looks weaker than the last. If this $80.75 level gives way, the selling pressure will likely accelerate. The next support sits at $66.20, with the ultimate target being that $37.09 measured move.

On the upside, any relief rallies will be met with heavy selling pressure. There is stiff resistance waiting at $100.63. This level is marked by an inclining trendline that stretches back to April 2024, and until OKLO can reclaim that line, the path of least resistance remains to the downside.