Technical Analysis

ChartWatch ASX Scans: American Rare Earths, Nuix, Webjet, Chalice Mining, Liontown Resources, Wildcat Resources

Thu 04 Jul 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Aml3d (AL3), American Rare Earths (ARR), Bisalloy Steel (BIS), CSL (CSL), Droneshield (DRO), Nuix (NXL), Stanmore Resources (SMR), Sovereign Metals (SVM), Webjet (WEB), Whitehaven Coal (WHC), and Yancoal (YAL)
  • Interesting downtrends in today's Scan Lists: Chalice Mining (CHN), Dominos (DMP), Dexus (DXS), Ebos (EBO), Liontown Resources (LTR), Monadelphous (MND), Patriot Battery Metals (PMT), Seek (SEK), Talga (TLG), Vulcan Steel (VSL), and Wildcat Resources (WC8)

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 %

AGL Energy

AGL

$10.75

+2.3%

-0.6%

Argenica Therapeutics

AGN

$0.845

+12.7%

+125.3%

Aml3d

AL3

$0.135

+110.9%

+129.2%

Aristocrat Leisure

ALL

$49.74

+9.9%

+28.7%

Aurelia Metals

AMI

$0.195

+2.6%

+109.7%

Arena Reit.

ARF

$3.97

+4.2%

+5.6%

American Rare Earths

ARR

$0.315

+18.9%

+152.0%

Bisalloy Steel Group

BIS

$4.34

+12.1%

+164.2%

Botanix Pharmaceuticals

BOT

$0.345

+23.2%

+213.6%

Capitol Health

CAJ

$0.310

+29.2%

+14.8%

CSL

CSL

$294.90

+4.8%

+6.3%

Clarity Pharmaceuticals

CU6

$5.20

-0.6%

+624.5%

Droneshield

DRO

$1.930

+55.6%

+777.3%

Energy One

EOL

$5.15

+17.0%

+75.6%

Frontier Energy

FHE

$0.485

+3.2%

+12.8%

Hearts and Minds Investments

HM1

$2.62

+4.4%

+15.9%

Hyperion Global Growth Companies ETF

HYGG

$5.21

+10.6%

+31.6%

iShares Asia 50 ETF

IAA

$101.59

+3.7%

+12.5%

Integrated Research

IRI

$0.920

+22.7%

+139.0%

Loftus Peak Global Disruption ETF

LPGD

$4.73

+6.3%

+44.2%

Macquarie Technology Group

MAQ

$92.24

+8.8%

+41.6%

Mitre Mining Corporation

MMC

$0.815

+19.0%

+213.5%

Metro Mining

MMI

$0.051

+2.0%

+131.8%

New Hope Corporation

NHC

$5.26

+4.2%

+10.0%

NRW

NWH

$3.09

+2.0%

+28.8%

Netwealth Group

NWL

$21.67

+3.3%

+56.6%

News Corporation

NWS

$42.70

+1.9%

+43.4%

Nuix

NXL

$3.27

+4.5%

+284.7%

Pinnacle Investment Management

PNI

$14.27

+5.9%

+43.0%

Resolute Mining

RSG

$0.560

+3.7%

+43.6%

Stanmore Resources

SMR

$3.90

+17.1%

+54.5%

Spartan Resources

SPR

$0.930

+27.4%

+467.3%

Sovereign Metals

SVM

$0.670

0%

+42.6%

Technology One

TNE

$18.50

+4.6%

+18.4%

Ventia Services Group

VNT

$3.95

+7.6%

+30.4%

Webjet

WEB

$9.20

+4.1%

+33.1%

Whitehaven Coal

WHC

$8.92

+8.1%

+32.9%

Xero

XRO

$135.87

+1.2%

+14.2%

Yancoal Australia

YAL

$7.17

+9.1%

+56.6%

Zip Co.

ZIP

$1.525

+32.6%

+272.0%

Today's Uptrends Scan 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: Aml3d (ASX: AL3), American Rare Earths (ASX: ARR), Bisalloy Steel Group (ASX: BIS), CSL (ASX: CSL), Droneshield (ASX: DRO), Nuix (ASX: NXL), Pinnacle Investment Management Group (ASX: PNI), Stanmore Resources (ASX: SMR), Sovereign Metals (ASX: SVM), Webjet (ASX: WEB), Whitehaven Coal (ASX: WHC), and Yancoal Australia (ASX: YAL).

Charts of each below:

Aml3d (ASX-AL3) chart 3 July 2024American Rare Earths (ASX-ARR) chart 3 July 2024Bisalloy Steel Group (ASX-BIS) chart 3 July 2024CSL (ASX-CSL) chart 3 July 2024Droneshield (ASX-DRO) chart 3 July 2024Nuix (ASX-NXL) chart 3 July 2024Pinnacle Investment Management Group (ASX-PNI) chart 3 July 2024Stanmore Resources (ASX-SMR) chart 3 July 2024Sovereign Metals (ASX-SVM) chart 3 July 2024Webjet (ASX-WEB) chart 3 July 2024Whitehaven Coal (ASX-WHC) chart 3 July 2024Yancoal Australia (ASX-YAL) chart 3 July 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Audinate Group

AD8

$15.42

+0.3%

+65.8%

Australian Ethical Investment

AEF

$4.18

-8.1%

+24.4%

Australian Finance Group

AFG

$1.320

-7.4%

-26.3%

Auckland International Airport

AIA

$6.93

-2.8%

-11.7%

Apollo Minerals

AOV

$10.23

-4.3%

+16.0%

Abacus Storage King

ASK

$1.125

-7.0%

0%

Aurizon

AZJ

$3.59

-2.7%

-8.4%

Brambles

BXB

$13.99

-2.6%

-2.9%

Credit Corp Group

CCP

$14.59

-2.9%

-26.3%

Charter Hall Group

CHC

$11.02

-10.8%

+2.9%

Chalice Mining

CHN

$1.220

-26.9%

-80.5%

Champion Iron

CIA

$6.42

-9.8%

+5.6%

Charter Hall Long Wale Reit

CLW

$3.28

-6.8%

-18.2%

Cromwell Property Group

CMW

$0.385

-11.5%

-28.0%

Calix

CXL

$1.345

+0.7%

-67.7%

Core Lithium

CXO

$0.085

-34.6%

-90.5%

Dicker Data

DDR

$9.43

+1.6%

+15.0%

Domain Australia

DHG

$2.93

-0.7%

-22.7%

Domino's Pizza Enterprises

DMP

$34.92

-9.4%

-24.8%

Dexus

DXS

$6.39

-6.2%

-18.1%

Ebos Group

EBO

$28.96

-5.5%

-12.1%

EVT

EVT

$11.19

-4.7%

-4.7%

Fletcher Building

FBU

$2.66

-9.5%

-44.1%

Growthpoint Properties

GOZ

$2.16

-10.0%

-22.6%

Ioneer

INR

$0.140

-31.7%

-57.6%

Kelsian Group

KLS

$4.90

-5.6%

-32.5%

Latin Resources

LRS

$0.175

-30.0%

-28.6%

Liontown Resources

LTR

$0.910

-31.6%

-68.3%

MA Financial Group

MAF

$4.35

-8.0%

-14.4%

Meteoric Resources

MEI

$0.155

-16.2%

-22.5%

Mirvac Group

MGR

$1.850

-6.6%

-18.1%

McMillan Shakespeare

MMS

$17.18

+4.4%

-4.9%

Monadelphous Group

MND

$12.56

-7.6%

+7.2%

Metcash

MTS

$3.57

-5.3%

-2.7%

NIB

NHF

$7.11

-5.5%

-15.9%

Nickel Industries

NIC

$0.800

-15.8%

-9.6%

Nufarm

NUF

$4.54

-0.7%

-10.8%

Novonix

NVX

$0.705

+2.2%

-29.1%

OOH!Media

OML

$1.335

-9.2%

+13.1%

Patriot Battery Metals

PMT

$0.535

-39.5%

-70.8%

Platinum Asset Management

PTM

$1.040

+2.0%

-40.2%

Ridley Corporation

RIC

$2.02

-4.7%

+1.0%

Regis Resources

RRL

$1.755

-2.8%

-4.4%

Reliance Worldwide Corporation

RWC

$4.38

-10.8%

+6.8%

Seek

SEK

$20.36

-10.4%

-6.3%

Skycity Entertainment Group

SKC

$1.335

-16.6%

-36.7%

Syrah Resources

SYR

$0.340

-27.7%

-60.2%

Transurban Group

TCL

$12.31

-2.2%

-13.6%

Talga Group

TLG

$0.575

-8.0%

-61.3%

TPG Telecom

TPG

$4.49

-2.8%

-7.8%

Vulcan Steel

VSL

$6.37

-12.9%

-22.5%

Wildcat Resources

WC8

$0.300

-30.2%

+150.0%

Today's Downtrends Scan 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: Charter Hall Group (ASX: CHC), Chalice Mining (ASX: CHN), Domino's Pizza Enterprises (ASX: DMP), Dexus (ASX: DXS), Ebos Group (ASX: EBO), EVT (ASX: EVT), Kelsian Group (ASX: KLS), Liontown Resources (ASX: LTR), Monadelphous Group (ASX: MND), NIB (ASX: NHF), Patriot Battery Metals (ASX: PMT), Seek (ASX: SEK), Talga Group (ASX: TLG), Vulcan Steel (ASX: VSL), Wildcat Resources (ASX: WC8).

Charts of each below:

Charter Hall Group (ASX-CHC) chart 3 July 2024Chalice Mining (ASX-CHN) chart 3 July 2024Domino-s Pizza Enterprises (ASX-DMP) chart 3 July 2024Dexus (ASX-DXS) chart 3 July 2024Ebos Group (ASX-EBO) chart 3 July 2024EVT (ASX-EVT) chart 3 July 2024Kelsian Group (ASX-KLS) chart 3 July 2024Liontown Resources (ASX-LTR) chart 3 July 2024Monadelphous Group (ASX-MND) chart 3 July 2024NIB (ASX-NHF) chart 3 July 2024Patriot Battery Metals (ASX-PMT) chart 3 July 2024Seek (ASX-SEK) chart 3 July 2024Talga Group (ASX-TLG) chart 3 July 2024Vulcan Steel (ASX-VSL) chart 3 July 2024Wildcat Resources (ASX-WC8) chart 3 July 2024

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.

 

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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