Price has moved sideways but is making higher weekly troughs and peaks. Having fallen to the lower boundary of a price channel, price may be primed to move up and complete the resistance break seen in December. The target of $1.67 (now 52% above Friday's close) remains in play. Nice if it happens.

BID 15Jan21

11 December 2020

The target of $1.34 suggested in September was not quite achieved (in fact a reworked target later suugested that target was closer to $1.30 - which was achieved. Price turned down strongly and fell back to an undelying weekly uptrend line before moving up and is now close to retesting that $1.30 level. A break above this would suggest a target of $1.67 is possible - a 40% improvement on today's price.

BID 11Dec20

30 September 2020

BID is in a shallow long-term downtrend and a current short-term uptrend. Price has made a pattern that suggests a target of $1.34 and a further break above that target would suggest more price increases beyond that level are possible. Elliott Wave count is uncertain but I have price just starting to rise up Wave 3.

BID 29Sept2020



Robert Norman

Phone: 0428 346 951

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