Technical Analysis

ChartWatch ASX Scans: Aurelia Metals, Black Cat Syndicate, Clearvue Technologies, Firefly Metals, Mirvac, Monadelphous, Weebit Nano

Mon 08 Jul 24, 9:00am (AEST)
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Key Points

  • Interesting uptrends in today's Scan Lists: Actinogen Medical (ACW), Aurelia Metals (AMI), Black Cat Syndicate (BC8), Biome Australia (BIO), Clearvue Technologies (CPV), Catalyst Metals (CYL), Firefly Metals (FFM), Infini Resources (I88), and Titomic (TTT)
  • Interesting downtrends in today's Scan Lists: Boss Energy (BOE), IDP Education (IEL), Mirvac (MGR), Monadelphous (MND), Mayne Pharma (MYX), Pilbara Minerals (PLS), Ridley Corporation (RIC), Reliance Worldwide Corporation (RWC), and Weebit Nano (WBT)

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

+124.1%

+67.3%

Aristocrat Leisure

ALL

$50.96

+10.9%

+29.5%

Aurelia Metals

AMI

$0.210

+23.5%

+121.1%

BetaShares Asia Technology Tigers ETF

ASIA

$9.25

+4.6%

+24.3%

Black Cat Syndicate

BC8

$0.360

+20.0%

0%

Biome Australia

BIO

$0.630

+96.9%

+826.5%

Botanix Pharmaceuticals

BOT

$0.340

+17.2%

+223.8%

Capitol Health

CAJ

$0.310

+26.5%

+14.8%

Codan

CDA

$11.91

+10.0%

+58.2%

Capricorn Metals

CMM

$5.08

+9.2%

+18.7%

Clearvue Technologies

CPV

$0.600

+22.4%

+263.6%

CSL

CSL

$299.75

+4.9%

+8.4%

Catalyst Metals

CYL

$1.180

+21.6%

+43.0%

Dalrymple Bay Infrastructure/Notes

DBI

$3.05

+7.0%

+14.7%

Energy One

EOL

$5.12

+16.1%

+75.2%

Fenix Resources

FEX

$0.375

+15.4%

+31.6%

Firefly Metals

FFM

$0.845

+22.5%

+87.8%

Generation Development Group

GDG

$2.49

+6.4%

+113.2%

Goodman Group

GMG

$35.43

+1.6%

+74.3%

Infini Resources

I88

$0.490

+151.3%

0%

Loftus Peak Global Disruption Fund ETF

LPGD

$4.74

+6.5%

+43.6%

Macmahon

MAH

$0.290

+1.8%

+93.3%

Macquarie Technology Group

MAQ

$95.70

+7.5%

+43.2%

Medadvisor

MDR

$0.500

+13.6%

+117.4%

MFF Capital Investments

MFF

$3.85

+5.8%

+44.7%

OFX Group

OFX

$2.20

+4.3%

+9.5%

Pacific Current Group

PAC

$10.76

+4.8%

+45.4%

Paragon Care

PGC

$0.435

+14.5%

+85.1%

PM Capital Global Opportunities Fund

PGF

$2.29

-0.9%

+27.2%

Rincon Resources

RCR

$0.145

+74.7%

+98.6%

REA Group

REA

$194.49

+4.4%

+36.2%

Resolute Mining

RSG

$0.600

+12.2%

+42.9%

Steadfast Group

SDF

$6.19

+12.5%

+3.5%

Stealth Group

SGLLV

$7.50

+3.8%

+17.0%

Spartan Resources

SPR

$0.945

+28.6%

+443.5%

Southern Cross Electrical Engineering

SXE

$1.755

+9.7%

+161.9%

Telix Pharmaceuticals

TLX

$18.48

+3.8%

+66.2%

Titomic

TTT

$0.130

+41.3%

+622.2%

Tuas

TUA

$4.48

+15.5%

+124.0%

VGI Partners Global Investments

VG1

$1.940

+1.8%

+19.0%

Vulcan Energy Resources

VUL

$4.89

+2.3%

+9.2%

Webjet

WEB

$9.25

+4.8%

+32.3%

Westgold Resources

WGX

$2.63

+15.9%

+62.3%

Whitehaven Coal

WHC

$8.97

+11.8%

+29.6%

Waratah Minerals

WTM

$0.310

+210.0%

+195.2%

Xero

XRO

$135.37

+7.5%

+15.6%

Zip Co.

ZIP

$1.650

+44.7%

+266.7%

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), Aristocrat Leisure (ASX: ALL), Aurelia Metals (ASX: AMI), Black Cat Syndicate (ASX: BC8), Biome Australia (ASX: BIO), Clearvue Technologies (ASX: CPV), CSL (ASX: CSL), Catalyst Metals (ASX: CYL), Firefly Metals (ASX: FFM), Infini Resources (ASX: I88), Macquarie Technology Group (ASX: MAQ), Medadvisor (ASX: MDR), MFF Capital Investments (ASX: MFF), Resolute Mining (ASX: RSG), Titomic (ASX: TTT), Webjet (ASX: WEB), Westgold Resources (ASX: WGX).

Charts of each below:

Actinogen Medical (ASX-ACW) chart 5 July 2024Aristocrat Leisure (ASX-ALL) chart 5 July 2024Aurelia Metals (ASX-AMI) chart 5 July 2024Black Cat Syndicate (ASX-BC8) chart 5 July 2024Biome Australia (ASX-BIO) chart 5 July 2024Clearvue Technologies (ASX-CPV) chart 5 July 2024CSL (ASX-CSL) chart 5 July 2024Catalyst Metals (ASX-CYL) chart 5 July 2024Firefly Metals (ASX-FFM) chart 5 July 2024Infini Resources (ASX-I88) chart 5 July 2024Macquarie Technology Group (ASX-MAQ) chart 5 July 2024Medadvisor (ASX-MDR) chart 5 July 2024MFF Capital Investments (ASX-MFF) chart 5 July 2024Resolute Mining (ASX-RSG) chart 5 July 2024Titomic (ASX-TTT) chart 5 July 2024Webjet (ASX-WEB) chart 5 July 2024Westgold Resources (ASX-WGX) chart 5 July 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Ampol

ALD

$33.13

-4.1%

+10.8%

Atlas Arteria

ALX

$5.03

-6.3%

-19.3%

Amcor

AMC

$14.36

-6.5%

-4.7%

Eagers Automotive

APE

$10.24

+1.3%

-26.0%

Bannerman Energy

BMN

$3.12

-28.3%

+89.1%

Boss Energy

BOE

$3.82

-13.8%

+24.8%

Collins Foods

CKF

$9.04

-3.6%

-8.5%

Centuria Capital Group

CNI

$1.580

-8.9%

-8.1%

Charter Hall Social Infrastructure Reit

CQE

$2.39

-4.4%

-19.3%

Cettire

CTT

$1.310

-43.0%

-61.1%

Core Lithium

CXO

$0.091

-27.2%

-90.4%

Domain Australia

DHG

$2.93

0%

-20.6%

Dexus

DXS

$6.39

-8.2%

-19.9%

Ebos Group

EBO

$29.17

-6.8%

-12.9%

Growthpoint Properties Australia

GOZ

$2.17

-11.8%

-23.6%

Healthco Healthcare & Wellness Reit

HCW

$1.075

-7.7%

-21.5%

IDP Education

IEL

$14.46

-7.8%

-34.3%

Ioneer

INR

$0.140

-22.2%

-56.3%

IPH

IPH

$6.21

-2.8%

-19.9%

Johns Lyng Group

JLG

$5.72

-2.6%

+5.9%

Kelsian Group

KLS

$4.80

-7.9%

-34.6%

Arcadium Lithium

LTM

$5.16

-17.8%

0%

Liontown Resources

LTR

$0.915

-24.4%

-68.0%

MA Financial Group

MAF

$4.38

-5.6%

-15.8%

Mirvac Group

MGR

$1.835

-9.2%

-20.9%

Monadelphous Group

MND

$12.71

-4.1%

+7.0%

Mayne Pharma Group

MYX

$4.38

-11.2%

-5.2%

NIB

NHF

$6.98

-6.4%

-20.0%

Northern Star Resources

NST

$12.82

-10.7%

+0.9%

Nufarm

NUF

$4.57

-1.1%

-12.6%

Novonix

NVX

$0.705

-0.7%

-28.4%

Nexgen Energy

NXG

$10.55

-5.5%

+54.0%

OOH!Media

OML

$1.315

-7.4%

+6.5%

Orora

ORA

$1.965

-6.9%

-34.3%

Pilbara Minerals

PLS

$3.00

-19.1%

-42.0%

Patriot Battery Metals

PMT

$0.545

-30.6%

-68.8%

Ridley Corporation

RIC

$2.00

-2.4%

+2.3%

Reliance Worldwide Corporation

RWC

$4.39

-9.7%

+8.4%

Spark New Zealand

SPK

$3.69

-3.4%

-21.2%

Weebit Nano

WBT

$2.29

+3.2%

-51.8%

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: Boss Energy (ASX: BOE), Dexus (ASX: DXS), Ebos Group (ASX: EBO), IDP Education (ASX: IEL), Kelsian Group (ASX: KLS), Mirvac Group (ASX: MGR), Monadelphous Group (ASX: MND), Mayne Pharma Group (ASX: MYX), NIB (ASX: NHF), Pilbara Minerals (ASX: PLS), Ridley Corporation (ASX: RIC), Reliance Worldwide Corporation (ASX: RWC), Weebit Nano (ASX: WBT).

Charts of each below:

Boss Energy (ASX-BOE) chart 5 July 2024Dexus (ASX-DXS) chart 5 July 2024Ebos Group (ASX-EBO) chart 5 July 2024IDP Education (ASX-IEL) chart 5 July 2024Kelsian Group (ASX-KLS) chart 5 July 2024Mirvac Group (ASX-MGR) chart 5 July 2024Monadelphous Group (ASX-MND) chart 5 July 2024Mayne Pharma Group (ASX-MYX) chart 5 July 2024NIB (ASX-NHF) chart 5 July 2024Pilbara Minerals (ASX-PLS) chart 5 July 2024Ridley Corporation (ASX-RIC) chart 5 July 2024Reliance Worldwide Corporation (ASX-RWC) chart 5 July 2024Weebit Nano (ASX-WBT) chart 5 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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