Titan Medical Inc (TMDIF)

[IET]

A lot has to do with a lot of supply coming out of the wood-works as soon as we approach the top of the breakdown bar from last November. Everyone who bought at levels above 2 went underwater, and there have likely been a lot given the long range before the breakdown.

Some of those went out of TITXF with heavy losses, but there are no doubt also a lot of people who held on and wait for an opportunity to get out since they lost confidence. That is the supply resistance being met now. We did it already once with the brief jump in February, and then downhill again because of supply. But at least it washed out some of those people.

Not sure if that specific supply has run its full course yet, and if so, expect another spike and down again, but once that supply is gone, I expect we go over 2. November was brutal and we still feel the effects now. That is all there is to it as to why we are not over 2 yet IMO.