Short Term Trading Week Starting: 13 May, page-20

STTCOMP 4DX TA LONG

SOI 391M
MKT CAP a$246M

4DMedical Limited (4DX) is a medical technology company transforming the ability to accurately and quickly understand the lung function of patients with respiratory diseases. Through its patented XV Technology® core product, 4DMedical is enabling physicians and researchers to gain unprecedented insight into regional airflow in the lungs, identifying respiratory deficiencies earlier and with greater sensitivity as patients breathe.

4DX has fallen from lofty highs well over $1 but zooming in on the hourly chart I see a short term basing pattern that, if replicated, takes us to targets of around 70c and high 70's from current 63c

The break out of 63 and the retrace and churn around this level is a good development for further moves north. MACD and RSI look stretched short term, but on an FA basis, AF's preso this week on developments, imminent conclusion of the Philips deal, confirmation and larger than expected reimbursement under existing medical codes and the VA having to report back to congress within a month, all lead me to think the basing is occurring in anticipation of some good news and in reflecting the reimbursement news.

Ord Minnets report has a $1.20 price target, though probably more than 8 weeks out ! However, I think if the Philips deal is announced and the VA makes encouraging noises about how it wll spend the Fed Funds granted, 4DX could go parabolic and back over $1. All that could occur before the end of June



Perspective - Daily chart