History Repeats: Jesse Livermore's Wisdom Applies to Oklo's Next Rally

The renowned stock market theorist Jesse Livermore once observed that “there is nothing new in Wall Street” – a principle that continues to guide astute investors decades later. The market operates in cycles, and while the specific circumstances change, the underlying patterns often mirror one another. This cyclical nature provides investors with a powerful framework for understanding potential opportunities. A striking example is currently unfolding in the small modular reactor (SMR) space, where Oklo Inc. (OKLO) is displaying technical formations that eerily resemble patterns we’ve witnessed before – with significant profit potential.

What Jesse Livermore Taught Us About Market Cycles

Livermore’s insight captures a fundamental truth: speculation and market dynamics are timeless. The mechanisms that drove market euphoria in the 1920s, crashes in the 1980s, and surges in recent years remain essentially unchanged. Historical precedent serves as a valuable lens for forward-looking analysis.

This principle proved accurate when observing Google’s (GOOGL) 2004 IPO behavior. The tech giant’s price action formed a distinctive U-turn base structure – a consolidation pattern followed by explosive upside. Years later, CoreWeave (CRWV) exhibited an almost identical formation during its 2025 IPO phase, ultimately delivering a 118% gain to early investors positioned correctly.

The parallel between these two cases demonstrates why historical chart analysis holds weight. Paul Tudor Jones famously used similar methods to anticipate the “Black Monday” crash of 1987 by overlaying historical precedent from 1929. When market participants recognize repeating patterns, they gain a competitive advantage.

Oklo’s 2026 Chart Formation Mirrors 2024’s Explosive Setup

The most compelling observation involves Oklo itself. In April 2024, the nuclear energy leader experienced a significant correction, declining approximately 70% in a distinctive zigzag fashion – with the initial downleg being the steepest. Importantly, the stock subsequently found support at its rising 200-day moving average before rallying sharply from approximately $17 to nearly $200 per share.

Currently, Oklo is replicating this formation with remarkable precision. The stock has corrected roughly 63.44% and recently found support at the rising 200-day moving average – the exact pivot point that preceded the 2024 surge. While historical patterns offer no guaranteed outcomes, the technical setup mirrors the prior recovery structure point-for-point.

The chart formations are strikingly similar: both display a zigzag correction structure, both decline by comparable percentages, and both establish support at identical technical levels. This consistency in pattern recognition suggests the market may be providing investors with a roadmap based on its own recent history.

The Off-Grid Revolution: Why Data Centers Are Turning to Private Power

Beyond technical analysis, Oklo benefits from a transformative industry trend. President Donald Trump has signaled that major technology companies cannot continue imposing energy costs on consumers through grid-heavy data center expansions. This policy stance is forcing tech leaders to secure independent power solutions.

Microsoft (MSFT) has already committed to substantial changes in its energy consumption strategy, ensuring taxpayers don’t subsidize corporate power needs. More broadly, industry data reveals that 33% of planned data centers will operate independently from the electrical grid – and this percentage is expected to climb significantly. This structural shift directly benefits small modular reactor providers like Oklo.

The energy demand from artificial intelligence infrastructure and cloud computing continues accelerating. Companies building energy-intensive data centers require reliable, scalable power sources that don’t strain public utilities. SMRs offer the perfect solution: distributed nuclear capacity that can be deployed directly at facility sites.

Meta’s $1.2 GW Campus Deal Signals Oklo’s Growing Strategic Value

Recent developments have validated Oklo’s market position. The company recently announced a major energy campus agreement with Meta Platforms (META) involving 1.2 gigawatts of capacity. This partnership represents not merely a contract – it’s an endorsement of Oklo’s technical capabilities and the viability of SMR technology at scale.

Such validation matters. When industry giants commit capital to SMR infrastructure, it signals confidence in the technology and provides substantial revenue visibility for providers like Oklo. This fundamental strength combines with the favorable technical setup to create multiple reinforcing catalysts.

The Convergence of Pattern and Fundamentals

The current setup presents an unusual alignment. Technical indicators suggest repeating historical strength, while business fundamentals have strengthened considerably since 2024. Oklo possesses the same chart formation that preceded an 11x return previously, yet the company now operates with superior strategic positioning, major customer commitments, and favorable industry tailwinds.

Investors applying Livermore’s framework – studying historical patterns and recognizing their repetition – may find compelling opportunity in observing where Oklo’s current chart formation leads.