I don't think we're out of the woods just yet... I'm using this opportunity to load up as much as I can while I can. If it breaks through 50c then we're talking IMO. It's moving on low volume suggesting people are waiting for the half yearly results to see iMED progress. Depending on where you start your downtrend, there's a couple of really stubborn resistance lines to overcome still (slope changes depending on the starting point). Note that in general a descending triangle pattern is bearish so it could still break down, but a positive announcement could see it break the resistance. Here's hoping. Positive signs so far that they are gaining traction and close to good reliable revenue. My personal opinion is that this will be the breakout year for 4DX, however devil's advocate says that medical field is very slow moving industry so don't expect them to shoot the lights out with new revenue in the US (look at iMED rollout for instance). They should have funds to avoid a cap raise however before things really start to kick off in 2024.
4DX Price at posting:
44.0¢ Sentiment: Buy Disclosure: Held
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