Evening Wrap: ASX 200 slides on broad-based falls, finishes at week's low as Santa rally fades
Fri 06 Dec 24, 5:45pm (AEDT)
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Technical Analysis
/ ChartWatch ASX Scans: Astral Resources, Capricorn Metals, Polymetals, Redox, St Barbara, Tasmea, Coronado, Whitehaven Coal
Technical Analysis
ChartWatch ASX Scans: Astral Resources, Capricorn Metals, Polymetals, Redox, St Barbara, Tasmea, Coronado, Whitehaven Coal
Thu 24 Oct 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Astral Resources (AAR), Capricorn Metals (CMM), Catalyst Metals (CYL), Dropsuite (DSE), Evolution Mining (EVN), Genesis Minerals (GMD), Polymetals (POL), Redox (RDX), St Barbara (SBM), Tasmea (TEA), Unico Silver (USL)
- Interesting downtrends in today's Scans: Coronado (CRN), Droneshield (DRO), Flight Centre (FLT), Karoon Energy (KAR), MinRes (MIN), Megaport (MP1), Viva Energy (VEA), WA1 Resources (WA1), Woodside Energy (WDS), Whitehaven Coal (WHC), Worley (WOR)
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 % |
Astral Resources | AAR | $0.140 | +27.3% | +70.7% |
AI-Media Technologies | AIM | $0.810 | +8.7% | +179.3% |
Austal | ASB | $3.21 | +9.6% | +79.8% |
Catapult Group International | CAT | $2.59 | +5.3% | +175.5% |
Capricorn Metals | CMM | $6.60 | +6.5% | +37.2% |
Catalyst Metals | CYL | $3.53 | +24.7% | +426.9% |
De Grey Mining | DEG | $1.460 | +8.6% | +15.3% |
Djerriwarrh Investments | DJW | $3.26 | +3.2% | +14.4% |
Dropsuite | DSE | $4.11 | +20.9% | +67.8% |
Emerald Resources | EMR | $4.39 | +14.3% | +52.4% |
Global X Physical Silver ETF | ETPMPT | $143.67 | +9.8% | +8.5% |
Evolution Mining | EVN | $5.37 | +20.9% | +49.2% |
Findi | FND | $6.22 | +25.9% | +1237.6% |
Generation Development Group | GDG | $3.51 | +27.6% | +146.2% |
Vaneck Gold Miners ETF | GDX | $65.81 | +11.7% | +41.3% |
Genesis Minerals | GMD | $2.56 | +23.7% | +67.3% |
Global X Physical Gold ETF | GOLD | $38.00 | +7.3% | +31.2% |
Gold Road Resources | GOR | $1.975 | +18.3% | +6.2% |
Infratil | IFT | $11.62 | +4.0% | +21.0% |
Intelligent Monitoring Group | IMB | $0.760 | +13.4% | +280.0% |
Imdex | IMD | $2.57 | +16.8% | +69.1% |
iShares China Large-Cap ETF | IZZ | $48.89 | +16.0% | +21.4% |
Magellan Financial Group | MFG | $11.36 | +16.4% | +76.4% |
Polymetals Resources | POL | $0.565 | +76.6% | +76.6% |
Qantas Airways | QAN | $7.82 | +6.7% | +63.9% |
Redox | RDX | $3.77 | +18.2% | +60.4% |
Rox Resources | RXL | $0.200 | +53.8% | -10.5% |
St Barbara | SBM | $0.465 | +47.6% | +121.4% |
Tasmea | TEA | $2.74 | +26.3% | 0% |
Trigg Minerals | TMG | $0.035 | +84.2% | +133.3% |
Unico Silver | USL | $0.360 | +56.5% | +380.0% |
XRF Scientific | XRF | $1.700 | +10.7% | +73.5% |
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: Astral Resources (ASX: AAR), Capricorn Metals (ASX: CMM), Catalyst Metals (ASX: CYL), Dropsuite (ASX: DSE), Evolution Mining (ASX: EVN), Findi (ASX: FND), Generation Development Group (ASX: GDG), Genesis Minerals (ASX: GMD), Global X Physical Gold ETF (ASX: GOLD), Polymetals Resources (ASX: POL), Redox (ASX: RDX), St Barbara (ASX: SBM), Tasmea (ASX: TEA), Unico Silver (ASX: USL).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
Auckland International Airport | AIA | $6.58 | -1.6% | -8.7% |
Ampol | ALD | $27.87 | -2.5% | -11.1% |
Challenger | CGF | $6.01 | -7.1% | -0.2% |
Champion Iron | CIA | $6.11 | +2.7% | -2.7% |
Cooper Energy | COE | $0.180 | -5.3% | +63.6% |
Cochlear | COH | $285.34 | +2.6% | +16.4% |
Coronado Global Resources | CRN | $1.050 | +1.9% | -37.7% |
Dicker Data | DDR | $8.86 | -2.1% | -11.8% |
Droneshield | DRO | $0.970 | -23.0% | +273.1% |
Endeavour Group | EDV | $4.76 | -4.4% | -6.5% |
Flight Centre Travel Group | FLT | $16.37 | -25.1% | -9.4% |
IGO | IGO | $5.13 | -2.7% | -54.0% |
Karoon Energy | KAR | $1.390 | -10.9% | -47.6% |
Macquarie Technology Group | MAQ | $78.61 | -3.3% | +24.8% |
Mineral Resources | MIN | $35.99 | -8.1% | -39.6% |
Megaport | MP1 | $7.10 | -3.4% | -38.4% |
Nufarm | NUF | $3.70 | -2.9% | -21.3% |
Pilbara Minerals | PLS | $2.72 | -6.5% | -29.5% |
Patriot Battery Metals | PMT | $0.395 | +9.7% | -67.9% |
PWR Holdings | PWH | $8.76 | -4.4% | -13.9% |
Viva Energy Group | VEA | $2.63 | -9.9% | -6.4% |
WA1 Resources | WA1 | $13.15 | -11.4% | +174.0% |
Woodside Energy Group | WDS | $24.34 | -3.6% | -33.1% |
WEB Travel Group | WEB | $4.16 | -41.8% | -23.4% |
Whitehaven Coal | WHC | $6.58 | +1.5% | -12.7% |
Worley | WOR | $14.25 | -3.1% | -16.6% |
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: Coronado Global Resources (ASX: CRN), Dicker Data (ASX: DDR), Droneshield (ASX: DRO), Flight Centre Travel Group (ASX: FLT), Karoon Energy (ASX: KAR), Macquarie Technology Group (ASX: MAQ), Mineral Resources (ASX: MIN), Megaport (ASX: MP1), Viva Energy Group (ASX: VEA), WA1 Resources (ASX: WA1), Woodside Energy Group (ASX: WDS), WEB Travel Group (ASX: WEB), Whitehaven Coal (ASX: WHC), Worley (ASX: WOR).
Charts of each below:
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.
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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