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/ChartWatch ASX Scans: AGL Energy, Base Resources, Clarity Pharmaceuticals, Brickworks, Corporate Travel, Dicker Data
Technical Analysis
ChartWatch ASX Scans: AGL Energy, Base Resources, Clarity Pharmaceuticals, Brickworks, Corporate Travel, Dicker Data
Mon 27 May 24, 9:06am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists include: AGL Energy (AGL), Base Resources (BSE), Clarity Pharmaceuticals (CU6), Findi (FND), Hub24 (HUB) and several more...
- Interesting downtrends in today's Scan Lists include: Brickworks (BKW), Corporate Travel Management (CTD), Dicker Data (DDR). Endeavour Group (EDV), Flight Centre Travel Group (FLT) and several more...
In this ChartWatch series I present scan lists based on my trend following technical analysis methodology. The goal is to alert you to the best uptrends and downtrends in the Australian share market.
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
Uptrends List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
The A2 Milk Company | A2M | $7.12 | +19.9% | +33.3% |
AGL Energy | AGL | $10.49 | +12.1% | +16.4% |
ALS | ALQ | $14.02 | +4.9% | +13.5% |
Bisalloy Steel Group | BIS | $3.77 | +10.9% | +106.0% |
Botanix Pharmaceuticals | BOT | $0.300 | +39.5% | +240.9% |
Base Resources | BSE | $0.285 | +14.0% | +58.3% |
Clarity Pharmaceuticals | CU6 | $4.35 | +67.3% | +514.6% |
Catalyst Metals | CYL | $1.080 | +25.6% | +36.7% |
Cyprium Metals | CYM | $0.041 | +36.7% | -28.2% |
Devex Resources | DEV | $0.375 | +31.6% | +7.1% |
Fenix Resources | FEX | $0.320 | +14.3% | +36.2% |
Findi | FND | $3.88 | +52.2% | +546.7% |
Global Data Centre Group | GDC | $2.91 | +28.8% | +86.5% |
Hub24 | HUB | $42.70 | +5.6% | +63.0% |
BetaShares India Quality ETF. ETF | IIND | $12.15 | +1.0% | +18.5% |
Integrated Research | IRI | $0.740 | +92.2% | +108.5% |
Medadvisor | MDR | $0.425 | +39.3% | +84.8% |
News Corporation | NWS | $40.70 | +3.5% | +46.1% |
OFX Group | OFX | $2.02 | +28.3% | +9.2% |
Origin Energy | ORG | $10.36 | +5.9% | +25.6% |
Platinum Asia Investments | PAI | $0.965 | +10.9% | +14.2% |
Pointsbet Holdings | PBH | $0.520 | +16.8% | +62.5% |
Pure Hydrogen Corporation | PH2 | $0.240 | +128.6% | +14.3% |
Platinum Capital | PMC | $1.425 | +8.0% | +12.2% |
Pinnacle Investment Management Group | PNI | $13.05 | +15.7% | +45.8% |
Perseus Mining | PRU | $2.44 | +10.4% | +25.8% |
Qube Holdings | QUB | $3.64 | +8.7% | +19.3% |
Redox | RDX | $3.21 | +7.0% | 0% |
Renegade Exploration | RNX | $0.021 | +75.0% | +162.5% |
Regal Partners | RPL | $3.07 | +7.0% | +2.3% |
Rpmglobal Holdings | RUL | $2.50 | +7.8% | +86.6% |
Rex Minerals | RXM | $0.260 | +15.6% | +16.5% |
South32 | S32 | $3.85 | +16.3% | -4.0% |
St Barbara | SBM | $0.280 | +5.7% | +10.0% |
Strategic Energy Resources | SER | $0.034 | +183.3% | +142.9% |
Sovereign Metals | SVM | $0.570 | +11.8% | +32.6% |
Technology One | TNE | $17.78 | +10.3% | +13.1% |
Tuas | TUA | $3.99 | +1.8% | +136.8% |
VGI Partners Global Investments | VG1 | $1.890 | +3.3% | +16.0% |
Yancoal Australia | YAL | $6.20 | +11.9% | +20.2% |
Today's uptrends 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: AGL Energy (ASX: AGL), Base Resources (ASX: BSE), Clarity Pharmaceuticals (ASX: CU6), Findi (ASX: FND), Hub24 (ASX: HUB), Medadvisor (ASX: MDR), OFX Group (ASX: OFX), Pure Hydrogen Corporation (ASX: PH2), Perseus Mining (ASX: PRU), Renegade Exploration (ASX: RNX), South32 (ASX: S32), Strategic Energy Resources (ASX: SER), Sovereign Metals (ASX: SVM).
Charts of each below:
Downtrends List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Aussie Broadband | ABB | $3.41 | -5.3% | +16.0% |
Adairs | ADH | $1.740 | -18.3% | -18.3% |
APM Human Services International | APM | $1.115 | -8.2% | -40.5% |
Brickworks | BKW | $26.31 | -2.8% | +3.5% |
Corporate Travel Management | CTD | $13.87 | -8.2% | -33.6% |
Cettire | CTT | $2.38 | -20.9% | +9.2% |
Dicker Data | DDR | $9.10 | -15.5% | +6.4% |
De Grey Mining | DEG | $1.100 | -16.1% | -21.4% |
Develop Global | DVP | $2.27 | 0% | -34.6% |
Dexus | DXS | $6.83 | -4.9% | -15.7% |
Endeavour Group | EDV | $4.90 | -9.4% | -21.9% |
Flight Centre Travel Group | FLT | $19.51 | -6.0% | -6.8% |
Johns Lyng Group | JLG | $5.53 | -2.6% | -17.0% |
Kogan.Com | KGN | $4.54 | -11.0% | +1.1% |
Lifestyle Communities | LIC | $12.53 | +4.9% | -21.1% |
Mirvac Group | MGR | $1.980 | -5.3% | -15.0% |
Mayne Pharma Group | MYX | $5.48 | -22.8% | +46.9% |
Seek | SEK | $22.44 | -10.1% | -7.7% |
Washington H Soul Pattinson & Company | SOL | $31.71 | -3.5% | -5.3% |
Spark New Zealand | SPK | $3.81 | -11.8% | -22.6% |
Block Inc. | SQ2 | $100.67 | -14.0% | +9.5% |
Tabcorp Holdings | TAH | $0.625 | -14.4% | -44.7% |
Terracom | TER | $0.220 | -8.3% | -65.1% |
Weebit Nano | WBT | $2.25 | -24.5% | -58.9% |
Today's downtrends 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: Brickworks (ASX: BKW), Corporate Travel Management (ASX: CTD), Dicker Data (ASX: DDR), Dexus (ASX: DXS), Endeavour Group (ASX: EDV), Flight Centre Travel Group (ASX: FLT), Washington H Soul Pattinson & Company (ASX: SOL), Spark New Zealand (ASX: SPK), Weebit Nano (ASX: WBT).
Charts of each below:
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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