Technical analysis by bcd1 about Symbol STRK: Buy recommendation (12/15/2024)

On the daily chart, the cup formation has been completed, the neckline has been broken and a retest has been made. This indicates the potential for a move towards $1-1.1 levels in the short term. The formation will continue to be valid as long as the rising trend line is not broken. The rising trend line should be monitored as critical support. Falls below this level may indicate that the formation is invalid. Medium Term Potential With the completion of the cup formation (Major), a large cup structure can be seen. This offers the potential to reach higher targets in the medium term. If the formation works successfully, reaching the specified targets in the short term may pave the way for a wider potential in the medium term. Although the technical outlook is positive, market conditions and volume movements should also be followed closely.