Ann: Non Binding Conditional Indicative Proposal from Wesfarmers, page-33

Lol

Another tool for anyone who finds this kind of thing useful... here’s a reminder of the Fib levels on the chart up to close yesterday:



As you can see, Wesfarmers clever TA boffins priced their offer just above the 50% retracement . Lol.

I would hope it can hold the 38.2% retracement around $2.045-ish. If not, it could mean retesting the 23.6% Fib around $1.835-ish. If it moves above and holds above that 50% $2.22 level, it could indicate it’s game on for a better offer. Hopefully from a better suited bidder than Kmart.

None of these charts predict or attempt to predict anything. If you are asking that question, stick to FA and the News, charts won’t be of any use.