Oklo Has Gained 600%+ Since April. What Does Its Chart Say?Oklo Inc.BATS:OKLOmoomooNext-generation nuclear-power stock Oklo. Inc OKLO has swung wildly over the past two weeks, gaining 60% over some six sessions to hit an intraday record high before pulling back about 13% since then. What might technical and fundamental analysis tell us? Let's take a look: Oklo's Fundamental Analysis For those unfamiliar with OKLO, the firm is developing fast-fission power plants to provide non-stop nuclear energy to data centers, factories, industrial sites and more. Oklo's Aurora power plants can run on fresh or recycled nuclear fuel and produce 15 to 50 megawatts of electricity, with the potential to expand output up to 100 megawatts. Oklo's stock has been rising sharply since hitting a $17.42 near-term intraday low on April 7 and has particularly risen on several positive catalysts over the past six weeks or so. First, the U.S. Energy Department selected the company in mid-August for three pilot-reactor projects as part of the Trump administration's broad initiative to modernize and streamline the nuclear-licensing process. A few weeks later, Oklo announced plans to design, build and operate a Tennessee facility that will convert nuclear waste into additional power by using small modular reactors. Just two days after that, Wedbush analyst Dan Ives (rated at five stars out of a possible five by TipRanks) included OKLO in his list of 16 "AI Revolution" stocks to own into 2026. The rundown included the "usual suspects" such as Nvidia NVDA and Palantir PLTR , but also had two energy-focused names -- OKLO and GE Vernova GEV . And just a few days ago, the whole nuclear sector rose sharply after U.S. and British officials signed a memorandum of understanding to jointly develop next-generation nuclear energy and other cutting-edge industries like quantum computing and artificial intelligence. Suddenly, OKLO's share price had more than doubled in about two weeks, although the stock has pulled back some since then. With 11.7% of OKLO's entire float held in short positions as of Sept. 15, there was probably a squeeze-like aspect to its recent run-up, although short-covering has likely ended. After that, the profit-takers showed up. Still, OKLO remains some 100% above its $61.01 Aug. 20 session low, as well as more than 600% higher than its $17.42 2025 intraday bottom set on April 7. Oklo's Technical Analysis Next, let's look at OKLO's chart going back 10 months and running through last Thursday afternoon: Readers will see that OKLO developed a "cup-with-handle" pattern of bullish reversal this past spring, with a $57 pivot. However, all of the positive news since then for the stock pushed Oklo well above that. Bullish traders might now look to the stock's 21-day Exponential Moving Average (or "EMA," marked with a green line) or 50-day Simple Moving Average (or "SMA," denoted by a blue line) for potential support. That said, the 21-day EMA is well below the $125 that OKLO was trading at Thursday morning, while the 50-day SMA is even further south of that level. So, Oklo's recent volatility might not be over -- especially since the firm isn't expected to report its next set of quarterly numbers until mid-November. Meanwhile, OKLO's Relative Strength Index (the gray line at the chart's top) recently peaked and then fell out of technically overbought territory. Similarly, all three components of the stock's daily Moving Average Convergence Divergence indication (or "MACD," marked with black and gold lines and blue bars at the chart's bottom) are still above zero, but appear to be heading lower. The 12-day EMA (the black line) is above the 26-day EMA (the gold line), but is trending lower. Should that black line cross below the gold line, some traders would likely take that as a "sell" signal. Similarly, the histogram of the 9-day EMA (the blue bars) is also curling downward towards the zero-bound. An Options Option Some bullish options traders might choose to sell two puts at different strike prices. Here's an example: -- Sell one OKLO Nov. 21 $80 put for about $3. (This put's Nov. 21 expiration will likely be after after Oklo releases Q3 earnings.) -- Sell one OKLO Nov. 21 $65 put for roughly $1.30. Net Credit: $4.30 Should OKLO be at or above $80 at expiration, the options trader will get to keep the two puts' premiums. And should the stock be trading between $65 and $80 upon expiration, the trader would end up long 100 shares at a $75.70 net basis unless he or she closed out one or both of the above options trades before then. Similarly, should Oklo be trading below $65 upon expiration, the trader would end up long 200 shares at a $70.35 net basis unless he or she closed out the options trades earlier. (Moomoo Technologies Inc. Markets Commentator Stephen “Sarge” Guilfoyle had no position in OKLO at the time of writing this column, but did have long positions in NVDA and PLTR.) This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. The Analyst Ratings feature comes from TipRanks, an independent third party. The accuracy, completeness, or reliability cannot be guaranteed and should not be relied upon as a primary basis for any investment decision. The target prices are intended for informational purposes only, not recommendations, and are also not guarantees of future results. 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