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Technical Analysis
/ChartWatch ASX Scans: Argenica Therapeutics, Codan, Emerald Resources, Aurizon, Brambles, Iluka, Patriot Battery Metals
Technical Analysis
ChartWatch ASX Scans: Argenica Therapeutics, Codan, Emerald Resources, Aurizon, Brambles, Iluka, Patriot Battery Metals
Tue 09 Jul 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
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 🔎📈
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:
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 🔎📉
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:
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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