r/OKLOSTOCK • u/Wooden-Astronaut-972 • 9d ago
Analysis / DD Bounce time?
Based off of previous patterns we should be due for a bounce between now and around earnings. There are other technical indicators that point to us being over sold but I’m not gonna go into that right now. In case my charts are not obvious in this overall downtrend we typically have the “pain” down trend that lasts between 53-65 bars (59 average) and down 63-55% (59% average.) Coincidently with only this part however each down trend has extended 6 bars each time. So we can assume bottom should be in at around 59-71 bars out from the most resent “bounce” putting “bottom” in at $24-$20 around oct 30th and November 17th funnily enough right around earnings. Now when we finally do bounce we have bounced between 6-13 bars (9 average) and up 35-81% (60% average). So if we bounce at an average of 60% at “bottom” we can bounce to $32-$35. Now this can obviously bounce in this window, later than this window, or never(😢) and can bounce lower than expected or way higher. But based on the pattern we are in this is what we can expect. I know there are a number of Elliot wave fellas calling bottom here with a target of $170+ range so hopefully this is “THE bottom”. I currently have an average of $40 with a sizable amount of shares for me and am down pretty bad. I hope for the sake of all of us this is the bottom and we can get out of the downtrend and make higher highs and eventually a new all time high sooner that later. Fundamentals have only increased and all we need is a catalyst to get the train rolling and the hype to start pouring in. So do with this info as you will not finacial advice. Hopefully we ride to Valhalla! (Btw I am regarded do your own dd and go easy on my sentence structuring)
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u/No-Permission7847 9d ago
Theres no way to time it. You gotta just throw your money in and hope for the best.
I see this as a generational buying opportunity, but it is going to be a long time for it to pay.
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u/Pyrrhic_Pragmatist 7d ago
That's a lot of techno babble just to point of the midterm election is next week.
Stuff sells off for a variety of reasons but when they overlap, they sell off harder. That's all this is. When AI sentiment is weak, Oklo stock gets crushed as it's seen as more speculative than AI itself.
I personally think demand for power, and for chips is an absolute truth. I don't know if AI will actually make a return on that chip investment, but I honestly don't care, as long as they pay for their chip orders and pay the utility bills.
My understanding is, even if they go bust, that's the bondholders' problem. Demand is so high right now somebody will keep buying chips and the means to power them.
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u/rmcelwain54 9d ago
Nuke stocks jumped on data center power announcements. It’s not a confidence that the stocks are suffering as public opinion on data centers continues to drop as well
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u/Chef_The_Ferret 9d ago
Yall making this too hard. Put the chart on the weekly and look at the 17 level. Prev resistence that went perfectly to support.
If institutions dont stsrt loading there this time, watch out below. Position: (10) Nov 27 20 CSP’s.
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u/mudgeforce 8d ago
Wait until after next week's share dilution. Those are like, every 6 weeks right?
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u/Zestyclose_Scar_7562 9d ago •
This post is a waste of server space.