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IDX: DOID - May-2021

DOID

DOID has been one of the favorite second-liner stocks in the IDX.

In the past, the 260-264 (yellow circle) area has been the target for this stock.
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DOID reached the highest price of 466 on 08 December 2020. Since then, 328-332 is the important Support-Resist area (high area) for DOID.
DOID formed a Double Bottom pattern between 29 January to 09 March 2021, and the target has been achieved on 12 March 2021.
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Price continuously building an uptrend momentum with the highest price at 460 (Extension 3.618 from the last small swing low) and forming a Head and Shoulder pattern with the red ray as the neckline.
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The Neckline has been tested with Three Candles (19-21 April) and is currently forming sideways between 342-376.

The head and shoulder pattern target will be at 284 (last low of Double Bottom Pattern).
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Disclaimer is always on.
Trade at your own risks.
Nota
The Neck line is still holding on.

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