Evening Wrap: ASX 200 slides on broad-based falls, finishes at week's low as Santa rally fades
Fri 06 Dec 24, 5:45pm (AEDT)
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Technical Analysis
/ChartWatch ASX Scans: AI-Media Technologies, Alkane Resources, Ausgold, HMC Capital, Larvotto Resources, Titomic, Tyro, Woolworths
Technical Analysis
ChartWatch ASX Scans: AI-Media Technologies, Alkane Resources, Ausgold, HMC Capital, Larvotto Resources, Titomic, Tyro, Woolworths
Mon 28 Oct 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Astral Resources (AAR), AI-Media Technologies (AIM), Alkane Resources (ALK), Ausgold (AUC), HMC Capital (HMC), Insignia Financial (IFL), Larvotto Resources (LRV), Ora Banda (OBM), Perseus Mining (PRU), Titomic (TTT).
- Interesting downtrends in today's Scans: Cochlear (COH), Data#3 (DTL), Endeavour Group (EDV), Flight Centre (FLT), Karoon Energy (KAR), Lovisa (LOV), Monadelphous (MND), Neuren (NEU), Origin (ORG), Rural Funds (RFF), TPG (TPG), (TYR), Woolworths (WOW).
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 % |
Astral Resources | AAR | $0.145 | +31.8% | +76.8% |
Adriatic Metals | ADT | $4.30 | +24.3% | +25.7% |
AI-Media Technologies | AIM | $0.905 | +32.1% | +212.1% |
Alkane Resources | ALK | $0.610 | +29.8% | -3.2% |
Austin Engineering | ANG | $0.570 | +3.6% | +128.0% |
Austal | ASB | $3.23 | +13.3% | +91.1% |
Ausgold | AUC | $0.620 | +26.5% | +106.7% |
Aurum Resources | AUE | $0.490 | +8.9% | +292.0% |
Commonwealth Bank of Australia | CBA | $144.02 | +7.2% | +46.9% |
Vaneck China New Economy ETF | CNEW | $6.66 | +20.0% | +5.4% |
BetaShares Crypto Innovators ETF | CRYP | $5.82 | +22.3% | +100.0% |
Civmec | CVL | $1.300 | +13.0% | +41.3% |
Genesis Minerals | GMD | $2.53 | +17.7% | +65.9% |
HMC Capital | HMC | $10.36 | +35.2% | +122.8% |
Insignia Financial | IFL | $3.24 | +22.3% | +54.3% |
Kina Securities | KSL | $1.075 | +4.4% | +40.5% |
Larvotto Resources | LRV | $0.690 | +79.2% | +528.1% |
Myer | MYR | $0.985 | +21.6% | +105.2% |
Northern Star Resources | NST | $18.29 | +12.6% | +49.8% |
Netwealth Group | NWL | $27.38 | +10.1% | +110.0% |
Ora Banda Mining | OBM | $0.925 | +34.1% | +704.3% |
Perseus Mining | PRU | $2.96 | +10.4% | +68.2% |
Block | SQ2 | $110.32 | +14.4% | +57.6% |
Trigg Minerals | TMG | $0.036 | +63.6% | +157.1% |
Titomic | TTT | $0.175 | +40.0% | +993.8% |
West African Resources | WAF | $1.830 | +0.3% | +144.0% |
Today's Uptrends Scan List
Feature charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: Astral Resources (ASX: AAR), AI-Media Technologies (ASX: AIM), Alkane Resources (ASX: ALK), Ausgold (ASX: AUC), Civmec (ASX: CVL), Genesis Minerals (ASX: GMD), HMC Capital (ASX: HMC), Insignia Financial (ASX: IFL), Larvotto Resources (ASX: LRV), Myer (ASX: MYR), Northern Star Resources (ASX: NST), Ora Banda Mining (ASX: OBM), Perseus Mining (ASX: PRU), Titomic (ASX: TTT), West African Resources (ASX: WAF).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Arafura Rare Earths | ARU | $0.155 | -8.8% | -18.4% |
Champion Iron | CIA | $5.86 | -13.8% | -4.1% |
Cochlear | COH | $283.94 | -0.1% | +15.1% |
Corporate Travel Management | CTD | $11.52 | -11.6% | -30.1% |
Dicker Data | DDR | $8.68 | -8.7% | -13.3% |
Data#3 | DTL | $7.21 | -6.4% | +1.7% |
Endeavour Group | EDV | $4.73 | -7.6% | -5.8% |
Flight Centre Travel Group | FLT | $15.89 | -29.5% | -10.7% |
Iluka Resources | ILU | $5.84 | -14.2% | -15.1% |
IPH | IPH | $5.43 | -11.4% | -22.4% |
Jumbo Interactive | JIN | $12.62 | -9.1% | -11.3% |
Karoon Energy | KAR | $1.380 | -9.5% | -46.6% |
Lovisa | LOV | $28.61 | -20.9% | +60.3% |
Monadelphous Group | MND | $12.48 | -2.0% | -13.3% |
Megaport | MP1 | $6.93 | -5.2% | -39.7% |
Metcash | MTS | $3.19 | -10.6% | -14.0% |
Neuren Pharmaceuticals | NEU | $12.47 | -13.1% | +12.7% |
Origin Energy | ORG | $9.66 | -4.2% | +5.5% |
Reece | REH | $23.71 | -17.0% | +34.8% |
Rural Funds Group | RFF | $1.890 | -5.5% | -1.6% |
Santos | STO | $6.93 | +0.1% | -11.7% |
Tabcorp | TAH | $0.455 | +2.2% | -46.5% |
TPG Telecom | TPG | $4.53 | -7.7% | -13.4% |
Tyro Payments | TYR | $0.775 | -18.8% | -16.7% |
WEB Travel Group | WEB | $4.05 | -45.5% | -24.6% |
Worley | WOR | $14.18 | -3.7% | -14.0% |
Woolworths Group | WOW | $32.69 | -2.0% | -9.1% |
Today's Downtrends Scan List
Feature charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Cochlear (ASX: COH), Dicker Data (ASX: DDR), Data#3 (ASX: DTL), Endeavour Group (ASX: EDV), Flight Centre Travel Group (ASX: FLT), Jumbo Interactive (ASX: JIN), Karoon Energy (ASX: KAR), Lovisa (ASX: LOV), Monadelphous Group (ASX: MND), Neuren Pharmaceuticals (ASX: NEU), Origin Energy (ASX: ORG), Rural Funds Group (ASX: RFF), TPG Telecom (ASX: TPG), Tyro Payments (ASX: TYR), Woolworths Group (ASX: WOW), .
Charts of each below:
ChartWatch Primer
For a detailed explanation of Carl's technical analysis methodology, be sure to check out this ChartWatch Primer.
Important considerations when using the ChartWatch Daily ASX Scans:
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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