Laurentian Bank

laurentian Bank 2020 4 21

The 2009 for this bank was around $23 or so. We may go there again.

Using the gap-in-the-middle convention, if there is such a thing, than that and the proposed wave count suggest that as a target for this stock. Keep in mind that this is the Laurentian Bank presumable because much of its business is conducted in, you guessed it, the Laurentians, a district in Quebec that is very much geared to tourism and skiing. Both are quite vulnerable now with the virus.

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Should this actually happen than we would have a very symmetric A-B-C correction from the highs of around $63 about 2 1/2 years ago.