AngusMcK

$RHT - Resonance Health ticking boxes.

Long
ASX:RHT   RESONANCE HEALTH LIMITED
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Resonance Health (RHT:ASX)

Interesting small cap generating some revenue. Has broken through some previous resistance levels and resuming its climb. I like the idea of "quantitative analysis of radiological images" and hope they can expand it in the future to other areas of the body.

They have been ticking off R&D grants, FDA approvals, and more redistributor agreements. Company seems to have some good momentum at the moment. Don't forget to set your stops though.

Resonance Health Limited is principally engaged in the development and commercialization of technologies and services for the quantitative analysis of radiological images. The Company's segments include Services, Research and Development, and Corporate. The Company's core product is FerriScan, which is a non-invasive liver diagnostic technology used for the measurement of iron in the liver. FerriScan is used for liver iron concentration (LIC) measurement from magnetic resonance imaging ( MRI ) scans of a patient's liver. The FerriScan analysis procedure produces a mean LIC measurement and a color coded map reflecting the iron distribution across the liver. The Company's product HepaFat-Scan, is a non-invasive method for measuring volumetric liver fat fraction (VLFF) from MRI scans. HepaFat-Scan is provided as an image analysis service. HepaFat-Scan is available for routine clinical use and for use in pharmaceutical company clinical trials.
Comment: Nice little pop on some good financials today. Up 15% on todays trading.
Comment: Got exited out on stops last week and took the profit but will keep watching. Volume has faded away and looks like it is out of steam for now.
Comment: After doing nothing for the most part of the year, it finished 150% up from when we first identified it with a strong run into the year end.

Comment: BIG 30% pullback on latest news which I didnt think was that bad. Could be a buying opportunity if it looks like it starts to recover.

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