$ECHOIQ LTD(EIQ.AU)$ 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!
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