The price of Oklo (OKLO) declined in its latest intraday trading, pressured by a bearish technical structure forming on the short-term charts a head and shoulders pattern. This comes alongside continued negative pressure from its trading below the 50-day simple moving average, which reduces the stocks chances of a sustainable recovery in the near term. In the background, we also note the persistence of negative signals from the RSI indicators, despite their stabilization in heavily oversold areas.

Therefore, we expect the stock price to decline in the coming sessions, as long as it remains below the resistance level of $110.00, targeting the support level of $69.55 as the projected price objective of the head and shoulders pattern.

Todays price forecast: Bearish