Technical Analysis

ChartWatch ASX Scans: AGL Energy, Base Resources, Clarity Pharmaceuticals, Brickworks, Corporate Travel, Dicker Data

Mon 27 May 24, 9:06am (AEST)
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Stocks in article

agl
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bse
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cu6
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fnd
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hub
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mdr
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ofx
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ph2
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pru
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rnx
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s32
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svm
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bkw
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ctd
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ddr
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dxs
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edv
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flt
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sol
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wbt
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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 πŸ”ŽπŸ“ˆ

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:

AGL Energy (ASX-AGL) chart 24 May 2024Base Resources (ASX-BSE) chart 24 May 2024Clarity Pharmaceuticals (ASX-CU6) chart 24 May 2024Findi (ASX-FND) chart 24 May 2024Hub24 (ASX-HUB) chart 24 May 2024Medadvisor (ASX-MDR) chart 24 May 2024OFX Group (ASX-OFX) chart 24 May 2024Perseus Mining (ASX-PRU) chart 24 May 2024Pure Hydrogen Corporation (ASX-PH2) chart 24 May 2024Renegade Exploration (ASX-RNX) chart 24 May 2024South32 (ASX-S32) chart 24 May 2024Sovereign Metals (ASX-SVM) chart 24 May 2024Strategic Energy Resources (ASX-SER) chart 24 May 2024

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 πŸ”ŽπŸ“‰

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:

Brickworks (ASX-BKW) chart 24 May 2024Corporate Travel Management (ASX-CTD) chart 24 May 2024Dexus (ASX-DXS) chart 24 May 2024Dicker Data (ASX-DDR) chart 24 May 2024Endeavour Group (ASX-EDV) chart 24 May 2024Flight Centre Travel Group (ASX-FLT) chart 24 May 2024Spark New Zealand (ASX-SPK) chart 24 May 2024Washington H Soul Pattinson & Company (ASX-SOL) chart 24 May 2024Weebit Nano (ASX-WBT) chart 24 May 2024
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.

 

Written By

Carl Capolingua

Content Editor

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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