Technical Analysis

ChartWatch ASX Scans: Appen, Airtasker, Bisalloy Steel, Bravura, Iondrive, JB Hi-Fi, Labyrinth Resources, Orthocell, Ricegrowers, Aurizon

Mon 16 Dec 24, 9:00am (AEDT)
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apx
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art
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bis
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blx
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bvs
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cmm
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cpu
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ion
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jbh
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lrl
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msb
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occ
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pls
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rhi
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tlx
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Key Points

  • Interesting uptrends in today's Scans: Appen (APX), Airtasker (ART), Bisalloy Steel (BIS), Bravura (BVS), CommBank (CBA), Iondrive (ION), JB HI-FI (JBH), Labyrinth Resources (LRL), Mesoblast (MSB), Orthocell (OCC), Perenti (PRN), Ricegrowers (SGLLV).
  • Interesting downtrends in today's Scans: Aurizon (AZJ), Collins Foods (CKF), Cettire (CTT), Clinuvel Pharmaceuticals (CUV), Healthco Healthcare and Wellness Reit (HCW), Nufarm (NUF), 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 %

Aristocrat Leisure

ALL

$68.38

+1.8%

+72.2%

Appen

APX

$2.57

-4.5%

+242.7%

Airtasker

ART

$0.390

+30.0%

+129.4%

Antipa Minerals

AZY

$0.028

+40.0%

+100.0%

Bisalloy Steel Group

BIS

$4.44

+22.3%

+91.4%

Beacon Lighting Group

BLX

$3.09

+3.0%

+29.8%

Bravura Solutions

BVS

$2.21

+52.9%

+174.5%

Commonwealth Bank of Australia

CBA

$158.21

+3.5%

+47.3%

Capricorn Metals

CMM

$6.99

+17.5%

+58.5%

Computershare

CPU

$33.17

+12.1%

+40.1%

Guzman y Gomez

GYG

$42.89

+16.2%

0%

BetaShares Global Cybersecurity ETF

HACK

$13.99

+3.7%

+30.1%

iShares Asia 50 ETF

IAA

$111.14

+4.1%

+31.2%

Iondrive

ION

$0.026

+116.7%

+30.0%

JB HI-FI

JBH

$95.00

+8.0%

+93.5%

Loftus Peak Global Disruption Fund ETF

LPGD

$5.33

+4.7%

+42.9%

Labyrinth Resources

LRL

$0.275

+31.0%

+551.7%

Mesoblast

MSB

$1.840

+3.4%

+545.6%

Orthocell

OCC

$1.145

+72.2%

+182.7%

Perenti

PRN

$1.310

+11.5%

+27.8%

Red Hill Minerals

RHI

$4.31

+12.2%

+28.0%

Global X Semiconductor ETF

SEMI

$17.03

+3.2%

+32.3%

Ricegrowers

SGLLV

$10.70

+16.7%

+68.3%

Telix Pharmaceuticals

TLX

$24.53

+7.1%

+156.6%

Weebit Nano

WBT

$3.06

-7.0%

-18.8%

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: Appen (ASX: APX), Airtasker (ASX: ART), Bisalloy Steel Group (ASX: BIS), Bravura Solutions (ASX: BVS), Commonwealth Bank of Australia (ASX: CBA), BetaShares Global Cybersecurity ETF (ASX: HACK), Iondrive (ASX: ION), JB HI-FI (ASX: JBH), Labyrinth Resources (ASX: LRL), Mesoblast (ASX: MSB), Orthocell (ASX: OCC), Perenti (ASX: PRN), Ricegrowers (ASX: SGLLV).

Charts of each below:

Airtasker (ASX-ART) chart 13 December 2024Appen (ASX-APX) chart 13 December 2024BetaShares Global Cybersecurity ETF (ASX-HACK) chart 13 December 2024Bisalloy Steel Group (ASX-BIS) chart 13 December 2024Bravura Solutions (ASX-BVS) chart 13 December 2024Commonwealth Bank of Australia (ASX-CBA) chart 13 December 2024Iondrive (ASX-ION) chart 13 December 2024JB HI-FI (ASX-JBH) chart 13 December 2024Labyrinth Resources (ASX-LRL) chart 13 December 2024Mesoblast (ASX-MSB) chart 13 December 2024Orthocell (ASX-OCC) chart 13 December 2024Perenti (ASX-PRN) chart 13 December 2024Ricegrowers (ASX-SGLLV) chart 13 December 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Abacus Group

ABG

$1.140

-6.2%

+1.8%

Australian Finance Group

AFG

$1.520

-5.3%

-2.9%

ARB Corporation

ARB

$39.09

-5.8%

+16.0%

Aurizon

AZJ

$3.31

-2.6%

-10.8%

Collins Foods

CKF

$7.69

-9.1%

-33.2%

Cettire

CTT

$1.120

-23.5%

-59.1%

Clarity Pharmaceuticals

CU6

$4.54

-35.9%

+207.7%

Clinuvel Pharmaceuticals

CUV

$12.13

-10.3%

-28.9%

Dexus

DXS

$6.79

-2.6%

-10.2%

Healthco Healthcare and Wellness Reit

HCW

$1.030

-8.4%

-27.7%

Imugene

IMU

$0.039

-11.4%

-54.7%

Latin Resources

LRS

$0.155

-26.2%

-22.5%

Lynas Rare Earths

LYC

$6.86

-6.5%

+13.8%

Meteoric Resources

MEI

$0.088

-16.2%

-60.0%

Mirvac Group

MGR

$1.995

-6.3%

-6.3%

Nufarm

NUF

$3.70

-4.6%

-24.0%

Pilbara Minerals

PLS

$2.26

-29.2%

-35.4%

PWR Holdings

PWH

$8.00

-13.8%

-17.1%

Pexa Group

PXA

$12.39

-7.8%

+3.4%

Syrah Resources

SYR

$0.180

-23.4%

-72.4%

Transurban Group

TCL

$12.73

+2.0%

-4.2%

Vicinity Centres

VCX

$2.03

-4.2%

+2.8%

Wildcat Resources

WC8

$0.225

-28.6%

-68.1%

Waypoint Reit

WPR

$2.36

-4.8%

-3.7%

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: Aurizon (ASX: AZJ), Collins Foods (ASX: CKF), Cettire (ASX: CTT), Clinuvel Pharmaceuticals (ASX: CUV), Healthco Healthcare and Wellness Reit (ASX: HCW), Nufarm (ASX: NUF), Wildcat Resources (ASX: WC8).

Charts of each below:

Aurizon (ASX-AZJ) chart 13 December 2024Cettire (ASX-CTT) chart 13 December 2024Clinuvel Pharmaceuticals (ASX-CUV) chart 13 December 2024Collins Foods (ASX-CKF) chart 13 December 2024Healthco Healthcare and Wellness Reit (ASX-HCW) chart 13 December 2024Nufarm (ASX-NUF) chart 13 December 2024Wildcat Resources (ASX-WC8) chart 13 December 2024

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.

 

Written By

Carl Capolingua

Content Editor

Carl has over 30-year's 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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