$ECHOIQ LTD(EIQ.AU)$ simple sharing... I have waited for a couple of weeks to share this trade. It's something simple, really... EIQ has a simple product, EchoSolv HF. It is a AI based tool to detect heart failure. It's a tool for early stage heart failure detection and had submitted for FDA clearance.
The main happening was its collaboration with Mayo Clinic, which has a group of hospitals, that helps EIQ to collect and validate its software effectiveness on a great amount of collected ECG data.
That's when I decided to commit a little to this company. AI tool was obviously in all over the news at that time, but I was only keen on applications.
The share price took off recently with its FDA clearance alongside a revised Mayo Clinic agreement. Taking a quick look at its charts, I was pleasantly surprised that it's RSI is not overbought at this juncture! That is after only a small price correction during this insane war started in Iran by US Trump, when the rest of the market suffered!
Time to take a position? Definitely if you ask me... This is only the beginning... For the company... Heart failure detection is a big and worthwhile trade!
@TigerStars @Daily_Discussion @Tiger_comments
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
