LB-tc (Laurentian Bank of Canada) Analysis for 08.26.2007

The monthly chart shows a large trading range, with each wave comprised of 3 waves within it. Price is currently at prior resistance. IF price continues up, THEN look for re-tests of the $40.32 high and the $41.36 high. The next target after that is $42.20.

The weekly chart shows strong buying off the 34ema the past week, with buyers closing the price above the prior resistance and key LIS of $36.70

The daily chart shows a higher low being put in, forming a J-hook pattern for the move up. Look for a test of the prior high at the $40 level as the first upside target.