Technical Analysis

ChartWatch ASX Scans: Argenica Therapeutics, Codan, Emerald Resources, Aurizon, Brambles, Iluka, Patriot Battery Metals

Tue 09 Jul 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scans: Argenica Therapeutics (AGN), Codan (CDA), Coronado Resources (CRN), Droneshield (DRO), Emerald Resources (EMR), Hyterra (HYT), Nextdc (NXT), Resolute Mining (RSG), Whitehaven Coal (WHC), and Yancoal Australia (YAL)
  • Interesting downtrends in today's Scans: Aurizon (AZJ), Bluescope (BSL), Brambles (BXB), Corporate Travel (CTD), IGO (IGO), Iluka (ILU), James Hardie (JHX), Mayne Pharma (MYX), Patriot Battery Metals (PMT), Ramsay Health (RHC), 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 %

Argenica Therapeutics

AGN

$0.930

+27.4%

+144.7%

Aurelia Metals

AMI

$0.210

+16.7%

+114.3%

Austin Engineering

ANG

$0.610

+16.2%

+106.8%

Bendigo and Adelaide Bank

BEN

$11.49

+2.2%

+31.0%

Codan

CDA

$12.01

+10.4%

+57.0%

Capricorn Metals

CMM

$5.20

+11.1%

+18.7%

Coronado Global Resources

CRN

$1.405

+13.8%

-10.2%

Clarity Pharmaceuticals

CU6

$5.12

-1.2%

+633.7%

Catalyst Metals

CYL

$1.180

+18.0%

+43.9%

Dalrymple Bay Infrastructure/Notes

DBI

$3.04

+5.9%

+15.6%

Droneshield

DRO

$2.01

+55.2%

+793.3%

Emerald Resources

EMR

$3.82

+1.1%

+73.6%

Frontier Energy

FHE

$0.510

+8.5%

+27.5%

Findi

FND

$4.67

+31.5%

+893.6%

Global Data Centre Group

GDC

$3.18

+3.2%

+91.6%

G8 Education

GEM

$1.255

+3.7%

+19.0%

Gentrack Group

GTK

$9.73

+8.4%

+145.1%

Hub24

HUB

$46.89

+6.2%

+84.2%

Hyperion Global Growth Companies ETF

HYGG

$5.28

+9.8%

+31.7%

Hyterra

HYT

$0.050

+61.3%

+215.2%

Horizon Oil

HZN

$0.195

+11.4%

+39.3%

iShares Asia 50 ETF

IAA

$103.40

+3.7%

+15.1%

JB HI-FI

JBH

$63.06

+6.0%

+39.9%

Loftus Peak Global Disruption ETF

LPGD

$4.80

+5.5%

+45.5%

Lycopodium

LYL

$13.00

+7.4%

+24.8%

Macmahon

MAH

$0.290

+1.8%

+93.3%

Medadvisor

MDR

$0.500

+13.6%

+100.0%

MFF Capital Investments

MFF

$3.88

+6.3%

+46.4%

Nextdc

NXT

$18.14

+1.4%

+46.5%

Paragon Care

PGC

$0.435

+16.0%

+81.3%

Red Hill Minerals

RHI

$7.80

+20.9%

+73.4%

Resolute Mining

RSG

$0.630

+15.6%

+55.6%

Steadfast Group

SDF

$6.21

+12.5%

+4.4%

SG Fleet Group

SGF

$3.21

+6.6%

+40.8%

Sigma Healthcare

SIG

$1.300

+10.2%

+62.2%

Tuas

TUA

$4.69

+17.8%

+135.7%

VGI Partners Global Investments

VG1

$1.960

+1.6%

+19.9%

Ventia Services Group

VNT

$4.05

+9.2%

+34.6%

Whitehaven Coal

WHC

$8.99

+11.0%

+31.2%

Waratah Minerals

WTM

$0.335

+235.0%

+219.0%

Yancoal Australia

YAL

$7.42

+17.6%

+55.9%

Zip Co.

ZIP

$1.745

+46.0%

+296.6%

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: Argenica Therapeutics (ASX: AGN), Codan (ASX: CDA), Coronado Global Resources (ASX: CRN), Droneshield (ASX: DRO), Emerald Resources (ASX: EMR), Gentrack (ASX: GTK), Hyterra (ASX: HYT), iShares Asia 50 ETF (ASX: IAA), Medadvisor (ASX: MDR), MFF Capital Investments (ASX: MFF), Nextdc (ASX: NXT), Resolute Mining (ASX: RSG), Steadfast (ASX: SDF), Tuas (ASX: TUA), Ventia Services (ASX: VNT), Whitehaven Coal (ASX: WHC), Waratah Minerals (ASX: WTM), Yancoal Australia (ASX: YAL), Zip Co. (ASX: ZIP).

Charts of each below:

Argenica Therapeutics (ASX-AGN) chart 8 July 2024Codan (ASX-CDA) chart 8 July 2024Coronado Global Resources (ASX-CRN) chart 8 July 2024Droneshield (ASX-DRO) chart 8 July 2024Emerald Resources (ASX-EMR) chart 8 July 2024Gentrack Group (ASX-GTK) chart 8 July 2024Hyterra (ASX-HYT) chart 8 July 2024iShares Asia 50 ETF (ASX-IAA) chart 8 July 2024Medadvisor (ASX-MDR) chart 8 July 2024MFF Capital Investments (ASX-MFF) chart 8 July 2024Nextdc (ASX-NXT) chart 8 July 2024Resolute Mining (ASX-RSG) chart 8 July 2024Steadfast Group (ASX-SDF) chart 8 July 2024Tuas (ASX-TUA) chart 8 July 2024Ventia Services Group (ASX-VNT) chart 8 July 2024Whitehaven Coal (ASX-WHC) chart 8 July 2024Waratah Minerals (ASX-WTM) chart 8 July 2024Yancoal Australia (ASX-YAL) chart 8 July 2024Zip Co. (ASX-ZIP) chart 8 July 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Australian Finance Group

AFG

$1.345

-4.3%

-24.9%

Amotiv

AOV

$10.11

-3.9%

+11.1%

APA Group

APA

$7.82

-8.4%

-20.2%

Eagers Automotive

APE

$10.16

0%

-29.4%

Aurizon

AZJ

$3.58

-4.0%

-9.1%

Brainchip

BRN

$0.205

-6.8%

-43.8%

Bluescope Steel

BSL

$19.78

-6.2%

-3.1%

BWP Trust

BWP

$3.44

-7.5%

-5.5%

Brambles

BXB

$13.83

-5.6%

-3.9%

Charter Hall Group

CHC

$11.12

-11.7%

-0.9%

Chalice Mining

CHN

$1.290

-18.6%

-79.4%

Champion Iron

CIA

$6.47

-1.2%

+8.7%

Centuria Industrial Reit

CIP

$3.02

-5.6%

-5.0%

Centuria Capital Group

CNI

$1.535

-12.3%

-9.4%

Centuria Office Reit

COF

$1.145

-6.1%

-17.6%

Charter Hall Social Infrastructure Reit

CQE

$2.37

-7.4%

-19.9%

Charter Hall Retail Reit

CQR

$3.19

-4.5%

-12.4%

Corporate Travel Management

CTD

$13.41

+0.3%

-26.8%

Cettire

CTT

$1.260

-44.2%

-63.4%

Calix

CXL

$1.255

+0.4%

-71.5%

Deterra Royalties

DRR

$4.08

-10.3%

-11.3%

Develop Global

DVP

$2.16

-0.5%

-37.4%

Fortescue

FMG

$21.82

-9.3%

-1.4%

Growthpoint Properties Australia

GOZ

$2.12

-12.4%

-24.3%

GPT Group

GPT

$4.04

-6.7%

-2.4%

Insignia Financial

IFL

$2.20

-3.1%

-23.3%

IGO

IGO

$5.70

-16.9%

-62.9%

Iluka Resources

ILU

$6.62

-7.0%

-43.0%

IPH

IPH

$6.15

-5.7%

-19.6%

James Hardie Industries

JHX

$46.83

+1.3%

+16.9%

Kogan.Com

KGN

$4.19

-2.1%

-19.0%

Lotus Resources

LOT

$0.325

-21.7%

+75.7%

Latin Resources

LRS

$0.160

-34.7%

-50.0%

Arcadium Lithium

LTM

$4.93

-23.6%

0%

Liontown Resources

LTR

$0.900

-23.7%

-68.3%

Meteoric Resources

MEI

$0.155

-13.9%

-35.4%

Mirvac Group

MGR

$1.835

-8.0%

-20.2%

Mineral Resources

MIN

$56.33

-18.8%

-22.4%

Mayne Pharma Group

MYX

$4.28

-10.3%

-5.1%

NIB

NHF

$6.90

-8.5%

-20.6%

Nickel Industries

NIC

$0.810

-12.9%

-11.0%

Northern Star Resources

NST

$12.81

-11.9%

+0.7%

Pilbara Minerals

PLS

$2.96

-21.3%

-42.9%

Patriot Battery Metals

PMT

$0.510

-32.5%

-70.4%

Platinum Asset Management

PTM

$1.040

+4.5%

-39.0%

Ramsay Health Care

RHC

$46.50

-5.5%

-17.6%

Ridley Corporation

RIC

$1.985

-4.6%

+1.3%

Rio Tinto

RIO

$119.90

-3.7%

+5.0%

Renascor Resources

RNU

$0.088

-12.0%

-54.9%

Regis Resources

RRL

$1.810

-2.4%

-5.7%

Seek

SEK

$20.00

-13.5%

-11.7%

Stockland

SGP

$4.19

-8.7%

+2.4%

Smartgroup Corporation

SIQ

$8.28

-2.1%

+7.8%

Sayona Mining

SYA

$0.033

-17.5%

-82.2%

Syrah Resources

SYR

$0.320

-28.9%

-64.3%

Talga Group

TLG

$0.560

-5.1%

-62.4%

Wildcat Resources

WC8

$0.290

-22.7%

+176.2%

Worley

WOR

$14.58

+0.8%

-8.6%

Waypoint Reit

WPR

$2.23

-7.5%

-14.2%

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: APA (ASX: APA), Aurizon (ASX: AZJ), Bluescope Steel (ASX: BSL), Brambles (ASX: BXB), Corporate Travel Management (ASX: CTD), IGO (ASX: IGO), Iluka Resources (ASX: ILU), James Hardie Industries (ASX: JHX), Mayne Pharma (ASX: MYX), NIB (ASX: NHF), Patriot Battery Metals (ASX: PMT), Ramsay Health Care (ASX: RHC), Seek (ASX: SEK), Stockland (ASX: SGP), Wildcat Resources (ASX: WC8), Waypoint Reit (ASX: WPR).

Charts of each below:

APA Group (ASX-APA) chart 8 July 2024Aurizon (ASX-AZJ) chart 8 July 2024Bluescope Steel (ASX-BSL) chart 8 July 2024Brambles (ASX-BXB) chart 8 July 2024Corporate Travel Management (ASX-CTD) chart 8 July 2024IGO (ASX-IGO) chart 8 July 2024Iluka Resources (ASX-ILU) chart 8 July 2024James Hardie Industries (ASX-JHX) chart 8 July 2024Mayne Pharma Group (ASX-MYX) chart 8 July 2024NIB (ASX-NHF) chart 8 July 2024Patriot Battery Metals (ASX-PMT) chart 8 July 2024Ramsay Health Care (ASX-RHC) chart 8 July 2024Seek (ASX-SEK) chart 8 July 2024Stockland (ASX-SGP) chart 8 July 2024Wildcat Resources (ASX-WC8) chart 8 July 2024Waypoint Reit (ASX-WPR) chart 8 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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