As much as I try , I find it very difficult to put a reasonable plausible count on this stock. The problem is that there are seemingly a lot of overlaps or 1=2,1-2 type of situations followed by 4-5, 4-5 etc. etc. On the chart below I have tried a compromise that I feel could be it. If correct the stock will bottom anywhere between $29 and $25 as it completes a 5th wave diagonal (as in RIM but less pronounced) No exact point can be determined as the last leg can overshoot or fall short of the model target. In any case, wherever it does go the next move is back up at least to $38, tradeable as it would be about a 30% gain regardless of the price you pay. Looking at RSI and all this other wonderful stuff that techies get excited about this looks pretty attractive. Here are the charts.

Sofar so good. If I asked you where RY traded back in 2000 at the peak of the teck bubble I am sure very few people would come up even close, yet it is important in terms of making sensible judgements where the stock might go. Here is the cahrt in US$ and as the dollar was definitely not a constant over this time it is probable not all that far off from where it was in 2000, lets call it C$12. Here is the chart.

Despite the possibility that is is a good buy (as a trade)  it is not necessarily cheap. $10 us or about 12 Canadian is still a real possibility.

This may just be it , right on the trend-line if I could draw it. Target tentatively at around $37.