Cramer Calls Oklo’s Daily Chart “Pretty Amazing”

Oklo Inc. (NYSE:OKLO) is one of the stocks Jim Cramer highlighted recently. Cramer highlighted the company’s strong chart setup, as he remarked:

“Then there’s one that you know I like and I talk about all the time. That’s Oklo… Take a look at the daily chart here. This is pretty amazing. We’ve got a series of higher highs and higher lows laying the groundwork for a classic uptrend. Even though Oklo’s pulled back from its highs, Lang (chartist Bob Lang) points out that volume trends remain bullish, and the stock… bounced off its 50-day moving average… It’s still down from its high, which is very unusual for a speculative stock. This could be well-positioned even as you probably think, wait a second, didn’t I miss it?

That’s not the way it works. Like the others, the on-balance volume here is solid, and it’s trending higher. Meanwhile, the MACD line, look at this, we got a crossover right here, a bullish crossover where the black line crosses over the red. That’s good. That counts… That’s one of the most reliable positive indicators out there… Basically, Oklo’s just under 74 bucks, and as long as it can get back above its previous high at 85, well, Lang says you got smooth sailing to the triple digits. Triple digits.”

Photo by Frédéric Paulussen on Unsplash

Oklo Inc. (NYSE:OKLO) builds advanced fission power plants to supply clean and cost-effective energy and also advances nuclear fuel recycling to repurpose waste into usable fuel.

While we acknowledge the risk and potential of OKLO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OKLO and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.