Market Deja Vu: Why OKLO's 2026 Chart Pattern Mirrors Its 2024 Breakout

The concept of deja vu—that uncanny feeling of experiencing something that has happened before—is not just a psychological quirk. In the stock market, deja vu is a very real phenomenon that savvy investors can exploit. History may not repeat itself precisely, but as the saying goes, it tends to rhyme. OKLO Inc. (OKLO), a leader in small modular reactor (SMR) technology, is currently exhibiting a textbook example of this market deja vu, replicating the exact conditions that preceded its explosive rally just 18 months ago.

Jesse Livermore, the legendary stock speculator of the early 20th century, famously observed: “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.” This wisdom remains as relevant today as it was decades ago. The patterns that move markets are predictable if you know where to look.

When History Repeats: Understanding Deja Vu in Technical Analysis

Market cycles create recurring patterns, and investors who recognize these deja vu moments can position themselves ahead of major moves. The most famous example of this principle was Paul Tudor Jones’ prediction of the 1987 Black Monday crash, which he accomplished by overlaying 1929 market charts to identify the parallel structure. The same deja vu methodology applies to individual stocks—technical patterns that worked once are likely to work again when the underlying conditions align.

The power of recognizing market deja vu lies in understanding that human behavior and market psychology remain constant. Fear and greed cycle through the market in predictable waves, creating similar chart formations across different time periods and sectors. OKLO’s current setup is a prime example of this timeless principle at work.

OKLO’s Striking Parallel to April 2024: A Technical Deja Vu

In April 2024, OKLO traded through an aggressive correction, declining roughly 70% in a distinctive zig-zag pattern with the steepest drop occurring first. The stock eventually bottomed near its 200-day moving average before launching into an extraordinary rally that sent shares from approximately $17 to nearly $200—a staggering 1,080% gain.

Fast forward to 2026, and OKLO is replaying this exact script with remarkable precision. The stock has declined around 63.44% in an identical zig-zag formation and has just recently discovered support at the rising 200-day moving average. The technical setup is nearly mirror-perfect to its 2024 precedent. While historical patterns never guarantee future results, the implications are compelling: if OKLO follows the same playbook, the profit potential could be substantial.

This isn’t the first time an investor identified such patterns successfully. Last year, I highlighted the striking resemblance between Google’s (GOOGL) 2004 IPO base structure and CoreWeave’s (CRWV) 2025 IPO formation. Both stocks operated in hot industry sectors, possessed excellent liquidity, and had multiple bullish catalysts working in their favor. CRWV’s eventual performance validated this analysis, delivering an impressive 118% gain for those who recognized the deja vu setup.

The Nuclear Catalyst: Why Data Centers Are Pushing SMR Adoption

Beyond the technical deja vu, OKLO now faces fundamentally different circumstances than in 2024—and they’re all positive. The recent shift in energy policy has become a powerful tailwind for SMR companies. President Donald Trump has made clear that major technology companies will no longer be permitted to pass their energy consumption costs to consumers through higher electricity rates. This means tech giants constructing energy-intensive data centers must develop independent power solutions.

Microsoft (MSFT) has already committed to implementing major energy efficiency changes to ensure taxpayers don’t shoulder the burden of data center infrastructure. More significantly, research indicates that 33% of planned data centers will operate independently from the traditional electrical grid, a number projected to grow. This decentralized energy requirement creates a massive addressable market for small modular reactors—exactly the technology OKLO specializes in.

This policy-driven demand creates a deja vu moment of a different kind: the fundamental backdrop that supports the technical breakout. In 2024, OKLO rallied on prospects and speculation. In 2026, the company has concrete catalysts materializing.

Meta’s Landmark Partnership: Validation of OKLO’s Vision

The validation OKLO has been awaiting arrived in the form of a major strategic partnership with Meta Platforms (META). The social media and metaverse company signed a commitment with OKLO to develop a 1.2 gigawatt energy campus. This isn’t a pilot program or exploratory discussion—it’s a binding agreement that signals serious intent from one of the world’s largest technology companies.

Meta’s partnership represents more than a single contract; it’s proof that enterprise customers are willing to commit substantial capital to OKLO’s SMR solutions. This validates the entire business model and demonstrates that the technology works at scale for real-world applications.

The Deja Vu Setup Complete: What Comes Next?

OKLO presents a rare convergence of technical deja vu, fundamental catalysts, and policy tailwinds. The stock has replicated the exact correction pattern from April 2024, positioned at support levels that historically launched the previous breakout. Unlike 2024, when the rally was driven primarily by speculation, today’s environment includes Meta’s committed partnership, policy support, and a demonstrated addressable market in data center power solutions.

For investors who understand how market deja vu works, these moments represent the intersection of technical opportunity and fundamental validation. History may not repeat exactly, but when the patterns align as precisely as they have in OKLO’s case, the market’s next move becomes increasingly predictable. The question isn’t whether OKLO will move higher—it’s whether you’ll recognize the historical precedent and position accordingly.