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/ChartWatch ASX Scans: Appen, Bravura Solutions, Catalyst Metals, REA Group, Boss Energy, Deterra Royalties, Liontown Resources
Technical Analysis
ChartWatch ASX Scans: Appen, Bravura Solutions, Catalyst Metals, REA Group, Boss Energy, Deterra Royalties, Liontown Resources
Thu 15 Aug 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Appen (APX), AUB (AUB), Bravura Solutions (BVS), Catalyst Metals (CYL), DUG Technology (DUG), Genusplus (GNP), Harvey Norman (HVN), Iress (IRE), Lovisa (LOV), REA (REA), Super Retail (SUL), Technology One (TNE)
- Interesting downtrends in today's Scans: BHP (BHP), Bannerman Energy (BMN), Boss Energy (BOE), Bluescope Steel (BSL), Champion Iron (CIA), Deterra (DRR), Fortescue (FMG), IGO (IGO), Arcadium Lithium (LTM), Liontown Resources (LTR), Mineral Resources (MIN)
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 % |
|---|---|---|---|---|
Life360 | 360 | $17.79 | +6.5% | +125.5% |
Aristocrat Leisure | ALL | $53.57 | +3.2% | +28.4% |
AMP | AMP | $1.310 | +14.9% | +5.2% |
Ansell | ANN | $26.89 | +5.4% | +11.9% |
Appen | APX | $0.945 | +81.7% | -51.7% |
Aspen Group | APZ | $1.990 | +9.9% | +14.4% |
Argo Investments | ARG | $9.05 | +2.7% | +1.5% |
AUB Group | AUB | $34.01 | +7.7% | +19.0% |
Breville Group | BRG | $28.99 | +7.8% | +18.3% |
Bravura Solutions | BVS | $1.250 | +8.2% | +152.5% |
Commonwealth Bank of Australia | CBA | $134.21 | +1.3% | +28.6% |
Coles Group | COL | $18.27 | +4.7% | +1.6% |
Catalyst Metals | CYL | $2.09 | +29.0% | +237.1% |
Dalrymple Bay Infrastructure/Notes | DBI | $3.15 | +4.0% | +15.0% |
BetaShares Global Healthcare Hedged ETF | DRUG | $8.84 | +2.2% | +11.1% |
DUG Technology | DUG | $3.00 | +9.9% | +98.0% |
Ebos Group | EBO | $33.37 | +8.1% | -3.0% |
iShares FTSE Global Infrastructure (Hedged) ETF | GLIN | $26.19 | +3.8% | +6.0% |
Genusplus Group | GNP | $2.36 | +8.3% | +100.0% |
Guzman y Gomez | GYG | $30.14 | +13.7% | 0% |
Hub24 | HUB | $48.90 | +5.1% | +77.2% |
Harvey Norman | HVN | $4.92 | +11.1% | +27.1% |
Indiana Resources | IDA | $0.091 | +16.7% | +117.4% |
Iress | IRE | $10.39 | +16.9% | +4.6% |
Lovisa | LOV | $34.62 | +2.8% | +63.2% |
Medibank Private | MPL | $3.92 | +6.2% | +13.3% |
Ora Banda Mining | OBM | $0.450 | 0% | +394.5% |
Pro Medicus | PME | $141.00 | +4.6% | +104.3% |
Premier Investments | PMV | $32.20 | +2.9% | +46.8% |
Pantoro | PNR | $0.105 | +12.9% | +90.9% |
Qube | QUB | $3.79 | +0.8% | +33.0% |
Resolution Cap Global Property Sec ETF | RCAP | $1.655 | +1.5% | +7.1% |
REA Group | REA | $209.93 | +3.0% | +32.3% |
Rimfire Pacific Mining | RIM | $0.059 | +96.7% | +883.3% |
Resmed Inc | RMD | $33.32 | +9.3% | +21.3% |
Steadfast Group | SDF | $6.49 | +2.5% | +9.1% |
SKS Technologies Group | SKS | $1.600 | +0.3% | +742.1% |
Superloop | SLC | $1.580 | +6.8% | +129.0% |
Step One Clothing | STP | $1.780 | +21.9% | +394.4% |
Super Retail Group | SUL | $16.13 | +14.1% | +29.7% |
Southern Cross Gold | SXG | $2.44 | +5.2% | +502.8% |
Transurban Group | TCL | $13.23 | +2.2% | -5.8% |
Technology One | TNE | $21.94 | +15.7% | +44.0% |
Waratah Minerals | WTM | $0.405 | +68.8% | +200.0% |
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: Appen (ASX: APX), AUB Group (ASX: AUB), Bravura Solutions (ASX: BVS), Catalyst Metals (ASX: CYL), DUG Technology (ASX: DUG), Genusplus Group (ASX: GNP), Harvey Norman (ASX: HVN), Iress (ASX: IRE), Lovisa (ASX: LOV), REA Group (ASX: REA), Super Retail Group (ASX: SUL), Technology One (ASX: TNE).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Adriatic Metals | ADT | $2.67 | -17.3% | -26.8% |
Ampol | ALD | $31.97 | -5.9% | +0.8% |
APA Group | APA | $7.91 | -1.0% | -18.1% |
Arafura Rare Earths | ARU | $0.155 | -18.4% | -41.5% |
BHP Group | BHP | $39.62 | -8.0% | -13.4% |
Brickworks | BKW | $26.15 | -8.4% | +2.3% |
Bannerman Energy | BMN | $2.41 | -23.5% | +47.9% |
Boss Energy | BOE | $2.88 | -28.2% | -14.5% |
Bluescope Steel | BSL | $19.84 | -4.9% | -2.3% |
Chalice Mining | CHN | $0.985 | -18.3% | -82.3% |
Champion Iron | CIA | $5.75 | -9.3% | +2.5% |
Centuria Capital Group | CNI | $1.560 | -6.0% | -0.3% |
Corporate Travel Management | CTD | $12.74 | -5.0% | -35.1% |
Calix | CXL | $0.830 | -27.8% | -81.2% |
Core Lithium | CXO | $0.093 | -15.5% | -84.0% |
Deterra Royalties | DRR | $3.69 | -7.5% | -17.8% |
Develop Global | DVP | $2.03 | -1.0% | -34.1% |
Deep Yellow | DYL | $0.995 | -30.2% | +29.2% |
EVT | EVT | $11.14 | +0.8% | -7.9% |
Fortescue | FMG | $17.32 | -23.3% | -17.5% |
Growthpoint Properties Australia | GOZ | $2.27 | -4.6% | -16.2% |
Healius | HLS | $1.415 | -3.7% | -48.7% |
IGO | IGO | $5.03 | -15.6% | -61.3% |
Iluka Resources | ILU | $5.56 | -17.9% | -43.8% |
IPH | IPH | $6.01 | -2.3% | -22.7% |
Karoon Energy | KAR | $1.770 | -6.8% | -21.6% |
Kelsian Group | KLS | $5.05 | -1.0% | -25.5% |
Lotus Resources | LOT | $0.240 | -34.2% | +14.3% |
Latin Resources | LRS | $0.120 | -25.0% | -67.6% |
Arcadium Lithium | LTM | $3.98 | -23.5% | 0% |
Liontown Resources | LTR | $0.800 | -16.2% | -70.8% |
Lynas Rare Earths | LYC | $6.16 | -2.2% | -12.3% |
Meteoric Resources | MEI | $0.095 | -34.5% | -58.7% |
Mineral Resources | MIN | $46.33 | -19.6% | -32.1% |
Monadelphous Group | MND | $11.75 | -7.6% | -14.2% |
Mayne Pharma Group | MYX | $3.97 | -10.6% | -16.2% |
Nanosonics | NAN | $2.82 | -12.4% | -43.3% |
Nine Entertainment | NEC | $1.340 | -3.6% | -37.7% |
Neuren Pharmaceuticals | NEU | $15.60 | -24.0% | +22.3% |
Nickel Industries | NIC | $0.775 | -8.3% | -3.7% |
Novonix | NVX | $0.610 | -8.3% | -33.7% |
Omni Bridgeway | OBL | $0.925 | -1.1% | -66.2% |
Paladin Energy | PDN | $10.06 | -25.9% | +25.0% |
Pilbara Minerals | PLS | $2.85 | -5.0% | -46.3% |
Patriot Battery Metals | PMT | $0.485 | -14.2% | -65.7% |
Ramsay Health Care | RHC | $45.41 | -2.8% | -20.8% |
Rio Tinto | RIO | $112.43 | -3.8% | +3.1% |
Renascor Resources | RNU | $0.082 | -12.8% | -47.1% |
Regis Resources | RRL | $1.640 | -14.6% | +3.1% |
South32 | S32 | $2.91 | -18.5% | -24.4% |
Seek | SEK | $20.36 | -5.3% | -20.5% |
Smartgroup Corporation | SIQ | $8.24 | -0.4% | -4.9% |
Silex Systems | SLX | $4.24 | -17.7% | +30.9% |
Stanmore Resources | SMR | $3.38 | -14.2% | +21.7% |
Sayona Mining | SYA | $0.025 | -24.2% | -81.5% |
Syrah Resources | SYR | $0.225 | -27.4% | -64.7% |
Tyro Payments | TYR | $0.875 | -10.7% | -30.0% |
Worley | WOR | $14.25 | -4.2% | -18.1% |
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: BHP Group (ASX: BHP), Bannerman Energy (ASX: BMN), Boss Energy (ASX: BOE), Bluescope Steel (ASX: BSL), Champion Iron (ASX: CIA), Deterra Royalties (ASX: DRR), Fortescue (ASX: FMG), IGO (ASX: IGO), Arcadium Lithium (ASX: LTM), Liontown Resources (ASX: LTR), Mineral Resources (ASX: MIN), Nanosonics (ASX: NAN), Neuren Pharmaceuticals (ASX: NEU), Novonix (ASX: NVX).
Charts of each below:
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.
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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