Technical Analysis

ChartWatch ASX Scans: Aroa Biosurgery, Firefly Metals, Resolute Mining, Zip Co., Boss Energy, Domino's, Temple & Webster

Fri 05 Jul 24, 9:06am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Aroa Biosurgery (ARX), Commonwealth Bank (CBA), Catalyst Metals (CYL), Droneshield (DRO), Firefly Metals (FFM), Metro Mining (MMI), Nuix (NXL), Resolute Mining (RSG), Sovereign Metals (SVM), and Zip (ZIP)
  • Interesting downtrends in today's Scan Lists: Boss Energy (BOE), Chalice Mining (CHN), Corporate Travel (CTD), Domino's Pizza (DMP), EVT (EVT), James Hardie (JHX), Megaport (MP1), Nine Entertainment (NEC), Seek (SEK), and Temple & Webster (TPW)

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 %

Actinogen Medical

ACW

$0.065

+140.7%

+63.4%

Aml3d

AL3

$0.170

+142.9%

+220.7%

Aurelia Metals

AMI

$0.195

+5.4%

+97.0%

Austin Engineering

ANG

$0.605

+18.6%

+124.1%

Aroa Biosurgery

ARX

$0.655

+21.3%

-29.2%

Austal

ASB

$2.52

+2.4%

+8.6%

Alumina

AWC

$1.780

-4.8%

+27.6%

Bendigo and Adelaide Bank

BEN

$11.46

+3.6%

+31.7%

Bellevue Gold

BGL

$1.965

+1.6%

+48.3%

Botanix Pharmaceuticals

BOT

$0.345

+19.0%

+228.6%

Capitol Health

CAJ

$0.310

+26.5%

+17.0%

Commonwealth Bank of Australia

CBA

$127.86

+4.4%

+26.7%

Capricorn Metals

CMM

$5.01

+7.1%

+20.4%

Clearvue Technologies

CPV

$0.580

+18.4%

+251.5%

Catalyst Metals

CYL

$1.170

+15.8%

+49.0%

Dalrymple Bay Infrastructure/Notes

DBI

$3.05

+10.1%

+15.5%

Droneshield

DRO

$2.01

+57.0%

+813.6%

Fenix Resources

FEX

$0.380

+13.4%

+33.3%

Firefly Metals

FFM

$0.825

+16.2%

+77.4%

Frontier Energy

FHE

$0.485

+3.2%

+18.3%

Global Data Centre Group

GDC

$3.16

+3.6%

+91.5%

BetaShares Geared US Equity Fund Currency Hedged ETF

GGUS

$40.16

+10.5%

+47.9%

Gold Road Resources

GOR

$1.790

+9.8%

+16.2%

GQG Partners

GQG

$3.00

+15.8%

+113.5%

Hearts and Minds Investments

HM1

$2.63

+4.4%

+15.4%

Hub24

HUB

$46.98

+8.4%

+79.9%

Insurance Australia Group

IAG

$7.04

+10.3%

+22.9%

Light & Wonder

LNW

$157.12

+8.5%

+58.9%

Macmahon

MAH

$0.290

0%

+87.1%

Macquarie Technology Group

MAQ

$93.02

+6.4%

+36.2%

MFF Capital Investments

MFF

$3.80

+5.9%

+43.4%

Metro Mining

MMI

$0.055

+12.2%

+150.0%

Macquarie Group

MQG

$205.00

+6.5%

+15.4%

Vaneck Australian Banks ETF

MVB

$35.16

+2.9%

+23.4%

Netwealth Group

NWL

$21.84

+4.6%

+56.2%

News Corporation

NWS

$42.71

+1.9%

+44.4%

Nuix

NXL

$3.58

+18.5%

+293.4%

Paragon Care

PGC

$0.435

+11.5%

+89.1%

Pantoro

PNR

$0.099

+10.0%

+41.4%

PYC Therapeutics

PYC

$0.130

+23.8%

+148.2%

Qube

QUB

$3.70

+1.4%

+29.8%

Rincon Resources

RCR

$0.135

+42.1%

+92.9%

REA Group

REA

$193.43

+5.6%

+36.3%

Regis Healthcare

REG

$4.29

+7.8%

+101.4%

Retail Food Group

RFG

$0.079

+19.7%

+43.6%

Resolute Mining

RSG

$0.585

+7.3%

+42.7%

Steadfast Group

SDF

$6.22

+13.9%

+3.7%

Service Stream

SSM

$1.285

+3.6%

+53.0%

Sovereign Metals

SVM

$0.705

+6.8%

+56.7%

Tuas

TUA

$4.44

+14.1%

+117.6%

Vulcan Energy Resources

VUL

$4.35

-11.0%

+1.6%

WA1 Resources

WA1

$21.30

+20.0%

+252.1%

Westpac Banking Corporation

WBC

$27.35

+2.3%

+28.3%

Whitehaven Coal

WHC

$8.94

+7.3%

+32.2%

Yancoal Australia

YAL

$7.26

+13.1%

+53.8%

Zip Co.

ZIP

$1.690

+57.2%

+293.0%

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: Actinogen Medical (ASX: ACW), Austin Engineering (ASX: ANG), Aroa Biosurgery (ASX: ARX), Commonwealth Bank of Australia (ASX: CBA), Catalyst Metals (ASX: CYL), Droneshield (ASX: DRO), Firefly Metals (ASX: FFM), GQG Partners (ASX: GQG), Metro Mining (ASX: MMI), Nuix (ASX: NXL), Resolute Mining (ASX: RSG), Steadfast Group (ASX: SDF), Sovereign Metals (ASX: SVM), Zip Co. (ASX: ZIP).

Charts of each below:

Actinogen Medical (ASX-ACW) chart 4 July 2024Austin Engineering (ASX-ANG) chart 4 July 2024Aroa Biosurgery (ASX-ARX) chart 4 July 2024Commonwealth Bank of Australia (ASX-CBA) chart 4 July 2024Catalyst Metals (ASX-CYL) chart 4 July 2024Droneshield (ASX-DRO) chart 4 July 2024Firefly Metals (ASX-FFM) chart 4 July 2024GQG Partners (ASX-GQG) chart 4 July 2024Metro Mining (ASX-MMI) chart 4 July 2024Nuix (ASX-NXL) chart 4 July 2024Resolute Mining (ASX-RSG) chart 4 July 2024Steadfast Group (ASX-SDF) chart 4 July 2024Sovereign Metals (ASX-SVM) chart 4 July 2024Zip Co. (ASX-ZIP) chart 4 July 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Australian Finance Group

AFG

$1.325

-7.7%

-27.8%

Atlas Arteria

ALX

$5.03

-6.5%

-19.5%

APA Group

APA

$7.88

-6.1%

-18.7%

Eagers Automotive

APE

$10.27

+2.0%

-23.9%

Abacus Storage King

ASK

$1.125

-6.3%

0%

Bannerman Energy

BMN

$3.16

-29.8%

+96.3%

Boss Energy

BOE

$4.07

-10.4%

+31.3%

Brambles

BXB

$14.09

-0.8%

-3.4%

Credit Corp Group

CCP

$14.46

+4.4%

-27.4%

Chalice Mining

CHN

$1.240

-23.2%

-79.8%

Centuria Industrial Reit

CIP

$3.04

-3.5%

-3.5%

Charter Hall Social Infrastructure Reit

CQE

$2.40

-0.8%

-18.6%

Corporate Travel Management

CTD

$13.44

+2.4%

-25.0%

Cettire

CTT

$1.300

-41.7%

-59.1%

Domain Australia

DHG

$2.92

+1.4%

-23.8%

Domino's Pizza Enterprises

DMP

$34.65

-9.1%

-26.4%

EVT

EVT

$11.21

-4.2%

-3.3%

Fletcher Building

FBU

$2.59

-12.2%

-46.9%

GDI Property Group

GDI

$0.560

-9.7%

-15.8%

Growthpoint Properties Australia

GOZ

$2.17

-8.8%

-22.8%

IDP Education

IEL

$14.55

-7.3%

-32.8%

Insignia Financial

IFL

$2.24

+0.4%

-22.0%

James Hardie Industries

JHX

$47.35

+2.2%

+18.1%

Kogan.Com

KGN

$4.18

-2.6%

-15.7%

Kelsian Group

KLS

$4.83

-6.8%

-34.2%

Latin Resources

LRS

$0.175

-30.0%

-39.7%

Megaport

MP1

$11.06

-15.5%

+53.8%

Nine Entertainment

NEC

$1.335

-6.0%

-31.9%

Northern Star Resources

NST

$12.86

-10.6%

+2.8%

Pilbara Minerals

PLS

$3.05

-18.7%

-39.7%

Regis Resources

RRL

$1.785

-1.4%

-2.5%

Seek

SEK

$20.08

-11.5%

-7.7%

Stockland

SGP

$4.23

-7.0%

+5.2%

Spark New Zealand

SPK

$3.74

-1.1%

-20.8%

Sayona Mining

SYA

$0.033

-23.3%

-82.2%

Syrah Resources

SYR

$0.335

-28.0%

-62.1%

Transurban Group

TCL

$12.33

-2.1%

-14.1%

Talga Group

TLG

$0.575

-4.2%

-60.5%

Temple & Webster Group

TPW

$9.00

-6.7%

+58.5%

Viva Energy Group

VEA

$3.14

-7.1%

+3.6%

Weebit Nano

WBT

$2.35

+4.9%

-52.2%

Waypoint Reit

WPR

$2.28

-4.6%

-13.0%

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: APA Group (ASX: APA), Eagers Automotive (ASX: APE), Boss Energy (ASX: BOE), Brambles (ASX: BXB), Credit Corp Group (ASX: CCP), Chalice Mining (ASX: CHN), Corporate Travel Management (ASX: CTD), Domino's Pizza Enterprises (ASX: DMP), EVT (ASX: EVT), Fletcher Building (ASX: FBU), James Hardie Industries (ASX: JHX), Kelsian Group (ASX: KLS), Megaport (ASX: MP1), Nine Entertainment (ASX: NEC), Seek (ASX: SEK), Temple & Webster Group (ASX: TPW), Viva Energy Group (ASX: VEA).

Charts of each below:

APA Group (ASX-APA) chart 4 July 2024Eagers Automotive (ASX-APE) chart 4 July 2024Boss Energy (ASX-BOE) chart 4 July 2024Brambles (ASX-BXB) chart 4 July 2024Credit Corp Group (ASX-CCP) chart 4 July 2024Chalice Mining (ASX-CHN) chart 4 July 2024Corporate Travel Management (ASX-CTD) chart 4 July 2024Domino-s Pizza Enterprises (ASX-DMP) chart 4 July 2024EVT (ASX-EVT) chart 4 July 2024Fletcher Building (ASX-FBU) chart 4 July 2024James Hardie Industries (ASX-JHX) chart 4 July 2024Kelsian Group (ASX-KLS) chart 4 July 2024Megaport (ASX-MP1) chart 4 July 2024Nine Entertainment (ASX-NEC) chart 4 July 2024Seek (ASX-SEK) chart 4 July 2024Temple & Webster Group (ASX-TPW) chart 4 July 2024Viva Energy Group (ASX-VEA) chart 4 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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