ChartWatch ASX Scans: Aroa Biosurgery, Firefly Metals, Resolute Mining, Zip Co., Boss Energy, Domino's, Temple & Webster
Fri 05 Jul 24, 9:06am (AEST)
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/ChartWatch ASX Scans: Car Group, Droneshield, Technology One, Brainchip, Champion Iron, Deterra Royalties, IGO
Technical Analysis
ChartWatch ASX Scans: Car Group, Droneshield, Technology One, Brainchip, Champion Iron, Deterra Royalties, IGO
Thu 06 Jun 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists include: Car Group (CAR), Droneshield (DRO), Fisher & Paykel Healthcare (FPH), Graincorp (GNC), HMC Capital (HMC), Hub24 (HUB), Technology One (TNE), and Unibail-Rodamco-Westfield (URW)
- Interesting downtrends in today's Scan Lists include: Brainchip (BRN), Champion Iron (CIA), Deterra Royalties (DRR), Develop Global (DVP), IGO (IGO), James Hardie (JHX), Novonix (NVX), Siteminder (SDR), Weebit Nano (WBT), and Woodside Energy (WDS)
Welcome to my ChartWatch Daily ASX Scans series. Here I present scan lists based on my trend following technical analysis methodology. My goal is to alert you to the best uptrends and downtrends on the ASX.
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Aurora Labs | A3D | $0.070 | +70.7% | +233.3% |
Australian Unity Office Fund | AOF | 1.380 | 1.1% | 7.1% |
ARB Corporation | ARB | 38.600 | -0.2% | 35.4% |
Bcal Diagnostics | BDX | $0.140 | +53.8% | +133.3% |
Bega Cheese | BGA | 4.480 | 0.7% | 24.4% |
Car Group | CAR | 35.710 | 2.5% | 50.6% |
Cochlear | COH | 327.950 | 0.0% | 33.9% |
Cleanaway Waste Management | CWY | 2.850 | 4.4% | 6.7% |
Droneshield | DRO | 1.350 | 51.7% | 400.0% |
Environmental Group (The) | EGL | $0.310 | +14.8% | +55.0% |
Elsight | ELS | $0.495 | +35.6% | +65.0% |
EQT Holdings | EQT | $33.08 | +8.8% | +25.6% |
Frontier Energy | FHE | $0.470 | +34.3% | +8.0% |
Fisher & Paykel Healthcare | FPH | 28.810 | 10.0% | 29.7% |
Graincorp | GNC | 9.230 | 17.4% | 22.6% |
HMC Capital | HMC | 7.470 | 15.6% | 74.1% |
Hotel Property Investments | HPI | 3.370 | 0.3% | -3.2% |
Hub24 | HUB | 44.490 | 7.4% | 79.3% |
JB HI-FI | JBH | 59.120 | -3.1% | 39.5% |
Macquarie Technology Group | MAQ | 89.000 | 2.0% | 49.6% |
MFF Capital Investments | MFF | 3.640 | 3.4% | 32.4% |
Magellan Global Fund | MGF | 2.170 | 2.4% | 34.4% |
Metro Mining | MMI | 0.048 | 17.1% | 152.6% |
Vaneck Australian Banks ETF | MVB | $34.55 | +3.0% | +24.0% |
Mystate | MYS | 3.720 | 3.9% | 12.0% |
National Australia Bank | NAB | 34.800 | 1.9% | 34.9% |
Navigator Global Investments | NGI | 2.110 | 18.5% | 100.8% |
Oneview Healthcare | ONE | $0.355 | +29.1% | +75.3% |
Pro Medicus | PME | 122.920 | 8.7% | 97.8% |
Prophecy International | PRO | $0.910 | +1.1% | +87.6% |
Resolute Mining | RSG | 0.535 | 23.0% | 4.9% |
Step One Clothing | STP | $1.455 | -3.0% | +369.4% |
Sovereign Metals | SVM | $0.650 | +28.7% | +60.5% |
Telix Pharmaceuticals | TLX | 17.890 | 19.5% | 65.3% |
Technology One | TNE | 18.030 | 11.3% | 9.4% |
Unibail-Rodamco-Westfield | URW | 6.650 | 1.7% | 90.5% |
Vanguard FTSE Europe Shares ETF | VEQ | $74.63 | +3.2% | +13.1% |
Viva Leisure | VVA | $1.560 | +10.6% | +24.8% |
Webjet | WEB | 8.830 | 5.9% | 20.6% |
WAM Global | WGB | 2.280 | 4.1% | 20.0% |
Xref | XF1 | $0.190 | +46.2% | -5.0% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Car Group (ASX: CAR), Droneshield (ASX: DRO), EQT Holdings (ASX: EQT), Fisher & Paykel Healthcare Corporation (ASX: FPH), Graincorp (ASX: GNC), HMC Capital (ASX: HMC), Hotel Property Investments (ASX: HPI), Hub24 (ASX: HUB), Mystate (ASX: MYS), Navigator Global Investments (ASX: NGI), Technology One (ASX: TNE), Unibail-Rodamco-Westfield (ASX: URW).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Australian Finance Group | AFG | $0.000 | +1.1% | +7.1% |
Brainchip Holdings | BRN | $0.000 | -0.2% | +35.4% |
Bluescope Steel | BSL | $0.000 | +0.7% | +24.4% |
Champion Iron | CIA | $0.000 | +2.5% | +50.6% |
De Grey Mining | DEG | $0.000 | +0.0% | +33.9% |
Deterra Royalties | DRR | $0.000 | +4.4% | +6.7% |
Develop Global | DVP | $0.000 | +51.7% | +400.0% |
Grange Resources | GRR | $0.000 | +10.0% | +29.7% |
IDP Education | IEL | $0.000 | +17.4% | +22.6% |
IGO | IGO | $0.000 | +15.6% | +74.1% |
James Hardie Industries | JHX | $0.000 | +0.3% | -3.2% |
Lendlease Group | LLC | $0.000 | +7.4% | +79.3% |
Arcadium Lithium | LTM | $0.000 | -3.1% | +39.5% |
Liontown Resources | LTR | $0.000 | +2.0% | +49.6% |
Monadelphous Group | MND | $0.000 | +3.4% | +32.4% |
Monash IVF Group | MVF | $0.000 | +2.4% | +34.4% |
Nine Entertainment Co. | NEC | $0.000 | +17.1% | +152.6% |
Novonix | NVX | $0.000 | +3.9% | +12.0% |
Ridley Corporation | RIC | $0.000 | +1.9% | +34.9% |
Siteminder | SDR | $0.000 | +18.5% | +100.8% |
Strike Energy | STX | $0.000 | +8.7% | +97.8% |
Tabcorp Holdings | TAH | $0.000 | +23.0% | +4.9% |
Temple & Webster Group | TPW | $0.000 | +19.5% | +65.3% |
Weebit Nano | WBT | $0.000 | +11.3% | +9.4% |
Woodside Energy Group | WDS | $0.000 | +1.7% | +90.5% |
Today's Downtrends Scan List
Interesting charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Brainchip Holdings (ASX: BRN), Champion Iron (ASX: CIA), Deterra Royalties (ASX: DRR), Develop Global (ASX: DVP), IGO (ASX: IGO), James Hardie Industries (ASX: JHX), Nine Entertainment Co. Holdings (ASX: NEC), Novonix (ASX: NVX), Siteminder (ASX: SDR), Weebit Nano (ASX: WBT), Woodside Energy Group (ASX: WDS).
Charts of each below:
ChartWatch ASX Scans Criteria
Criteria for Uptrends List
Short term uptrend (ST trend ribbon is light green)
Long term uptrend or long term trend is transitioning from down to up (LT trend ribbon is dark green, or LT trend ribbon is amber and contracting)
Demand-side price action (rising peaks and rising troughs is preferred, but based upon weight of evidence of other criteria rising peaks only or rising troughs only may be permitted)
Predominance of demand-side candles (i.e., white bodies and or downward pointing shadows)
The last candle in particular is a strong demand-side candle
Criteria for Downtrends List
Short term downtrend (ST trend ribbon is light pink)
Long term downtrend or long term trend is transitioning from up to down (LT trend ribbon is dark pink, or LT trend ribbon is amber and contracting)
Supply-side price action (falling peaks and falling troughs is preferred, but based upon weight of evidence of other criteria falling peaks only or falling troughs only may be permitted)
Predominance of supply-side candles (i.e., black bodies and or upward pointing shadows)
The last candle in particular is a strong supply-side candle
Important considerations when using the ChartWatch ASX Scan Lists:
1. The future is unknown. Anything can happen to change the trends in the lists above. A stock in a perfect uptrend or downtrend may not remain that way by the close of trading today. 2. These lists are not exhaustive, they are curated by Carl. You will find that certain stocks might not appear in a particular list on consecutive days but might reappear when Carl feels it deserves to return to the list. 3. This is not a recommendation service, merely an aid to help you better understand the workings of Carl’s technical analysis model in a practical way. Carl will not alert you to stocks that have dropped off a list because their trend has changed – it is up to you to apply the criteria to determine why a particular stock might not still be included. 4. This is general, educational information only – always do your own research.
Carl has over 30-years investing experience, helping investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl has a passion for technical analysis and has taught his unique brand of price-action trend following to thousands of Aussie investors.
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