Laurentian Bank

laurentian Bank 2020 4 21

The 2009 low 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.

Remember that you can click on any chart and it will become bigger and easier to read.

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.