Titan Medical ($TMDI) to $5.50 Any Day Now?

17 Sep 2021

Ever since Mid-October of 2019, TTMDI has had a history of consolidating at a price threshold for a few months, spiking, then returning to a price around half of the relative peak. This first consolidation lasted 8 1/2 months where it sat around a price of $0.36 then spiked to a price of $1.73 and returned to ~$0.83. After consolidating at this new resistance point for 6 1/2 months, it spiked to a price of $3.47, and has been sitting around $1.70 for about 6 months now. Based on how long it took to get to the first spike, then the first spike to the second spike, it appears we are already overdue for a price spike, but it could happen any day now. Looking at the trend of the last two jumps, it appears we will hit a price around $5.40 - $5.50 then return to a price around $3.60 for a few months unless a large catalyst perpetuates the growth past the resistance.