Next nearest competitor - Nano X NASDAQ Mkt Cap US$1.5B, and appears to be further behind than MX1
Micro-X Limited (MX1) is an Australian hi-tech company developing and commercialising a range of innovative products for global health and security markets, based on proprietary cold cathode, carbon nanotube (CNT) emitter technology. Micro-X's first suite of X-ray products, currently in production and in use in 14 countries around the world provides mobile medical diagnostic imaging in acute hospitals, clinics and in deployed military medical facilities.
Waiting on CE Mark, TGA approvals, feedback from US Military, progress with $8m funding for ASA Stroke research on development for Ambulance suitable machine, airport security testing in UK and US, further sales to vet practices etc. Lots of fundamentals stuff going on in the background but charts are what interest me here
Weekly
LT downtrend broken some weeks ago. March saw a huge $34m placement at 34c, and price has been dancing around this point for a while. Possible argument to say this is a massive cup and handle with possible target in the 70c to 80c range
Daily
5,15,30,50 EMA's suggestive of a turnaround and breakout here. Still think the 34c placement is holding the SP back but there are a large number of possible newsflow events stemming from what they discussed in the March 31 quarterly. Would like to see volume increase, but looks ready for another leg up IMO
