SNC June 12

snc-june12

SNC Lavalin is a favorite with many analysts, it is also at the receiving end, supposedly) of many of the “shovel-ready” boondoggles that are being force to the infrastructure segment of the economy, so what is their not to like.

Well this is a near perfect Elliotte wave structure, a first big leg down (5-waves) followed by a-b- pattern back into the proverbial “box”. There is still room to manouvre but not much. 5-waves  never stand alone, so stepping aside might just be a very good idea.