LANNA : Breakout above 24 possible, but may need time

A breakout at 24 is possible for LANNA, but it will need more buying than the paltry flows seen of late. There is however strong support from 22.50 to 23, so if it comes off a tad consider entry again for another go at the key level of 24, with an increasing possibility of a successful breakout n the near term – placing 24.80 to 5 as the target zone. Entry as near 23 as the market offers up, or indeed if a breakout move is accompanied by strong flows – somewhere in the region of 3-5m shares going through at and around the 24 level over 15-30 minutes.

 

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