OKLO is exhibiting a classic gap-fill setup following the price action on May 23rd, when it surged and left a visible gap on the chart. Given the current technical conditions and waning momentum, there is a high probability that OKLO will retrace to fill this gap. Gap-filling is a common behavior in equities, especially when the gap forms without strong fundamental catalysts or when volume fails to confirm the breakout. Traders should anticipate a potential pullback toward the pre-gap price zone as the market seeks to test prior support levels and reestablish a balanced price range before any sustained move higher. It also looks to be completing a handle of a cup. meaning more bullish potential on the horizon.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.