🔴 Echo IQ is trading 3.6% down today as it consolidates after recent rally

Echo IQ is trading 3.6% down at A$1.60 as the stock consolidates following a sharp rally driven by its recent capital raise and dataset deal.

• The previous upward momentum was fueled by a A$110 million institutional placement and an exclusive imaging dataset agreement announced earlier in July.
• Today's price action appears to be a technical consolidation following strong gains on July 9–10, with no fresh company-specific news or sector-wide shocks reported.