Evening Wrap: ASX 200 slumps on escalating Mid-East conflict, but golden lining for war winners energy and gold stocks
Fri 04 Oct 24, 5:21pm (AEDT)
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/ChartWatch ASX Scans: Bega Cheese, Catalyst Metals, EZZ Life Science, Ramelius, Ora Banda, Karoon Energy, Liontown, Red 5
Technical Analysis
ChartWatch ASX Scans: Bega Cheese, Catalyst Metals, EZZ Life Science, Ramelius, Ora Banda, Karoon Energy, Liontown, Red 5
Fri 30 Aug 24, 9:00am (AEDT)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scans: Ansell (ANN), Bega Cheese (BGA), Codan (CDA), Catalyst Metals (CYL), EZZ Life Science (EZZ), Macquarie (MQG), Ora Banda Mining (OBM), Regis Healthcare (REG), Ramelius (RMS), Southern Cross Gold (SXG), Xero (XRO)
- Interesting downtrends in today's Scans: Bannerman Energy (BMN), Boss Energy (BOE), Beach Energy (BPT), Coronado (CRN), Cettire (CTT), Karoon Energy (KAR), Liontown (LTR), Megaport (MP1), Paladin Energy (PDN), Silex Systems (SLX), Whitehaven Coal (WHC)
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 % |
|---|---|---|---|---|
Ansell | ANN | $29.62 | +8.2% | +28.9% |
Bega Cheese | BGA | $4.66 | +4.3% | +52.8% |
Brambles | BXB | $17.84 | +14.7% | +25.6% |
Car Group | CAR | $37.85 | +8.6% | +36.9% |
Codan | CDA | $15.24 | +16.2% | +111.7% |
Coles Group | COL | $18.87 | +4.3% | +18.5% |
Catalyst Metals | CYL | $2.18 | +13.5% | +344.9% |
EZZ Life Science | EZZ | $2.58 | +38.7% | +279.4% |
GPT Group | GPT | $4.87 | +5.2% | +18.2% |
HMC Capital | HMC | $8.34 | +7.6% | +59.5% |
Hub24 | HUB | $54.73 | +10.4% | +73.3% |
Insurance Australia Group | IAG | $7.45 | +0.7% | +29.6% |
IVE Group | IGL | $2.23 | -0.4% | +5.7% |
James Hardie Industries | JHX | $54.97 | +0.5% | +23.1% |
MA Financial Group | MAF | $5.18 | +15.1% | +13.8% |
Macquarie Group | MQG | $214.63 | +2.3% | +24.4% |
Vaneck Australian Banks ETF | MVB | $37.50 | +0.9% | +31.3% |
Myer | MYR | $0.840 | +1.2% | +31.3% |
Ora Banda Mining | OBM | $0.580 | +31.8% | +616.0% |
Regis Healthcare | REG | $5.13 | +22.4% | +112.9% |
Ramelius Resources | RMS | $2.20 | +13.4% | +76.0% |
Reliance Worldwide Corporation | RWC | $5.29 | +2.7% | +29.3% |
Southern Cross Gold | SXG | $3.20 | +46.1% | +627.6% |
Titomic | TTT | $0.185 | +27.6% | +704.3% |
Westpac Banking Corporation | WBC | $31.08 | +4.3% | +46.2% |
XRF Scientific | XRF | $1.560 | +4.3% | +38.7% |
Xero | XRO | $143.19 | +3.6% | +19.7% |
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: Ansell (ASX: ANN), Bega Cheese (ASX: BGA), Brambles (ASX: BXB), Codan (ASX: CDA), Catalyst Metals (ASX: CYL), EZZ Life Science (ASX: EZZ), Macquarie Group (ASX: MQG), Vaneck Australian Banks ETF (ASX: MVB), Ora Banda Mining (ASX: OBM), Regis Healthcare (ASX: REG), Ramelius Resources (ASX: RMS), Southern Cross Gold (ASX: SXG), Westpac Banking Corporation (ASX: WBC), Xero (ASX: XRO).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
APA Group | APA | $7.57 | -4.3% | -13.9% |
Bellevue Gold | BGL | $1.275 | -6.9% | -16.4% |
Bannerman Energy | BMN | $2.18 | -28.3% | +5.3% |
Boss Energy | BOE | $2.78 | -23.8% | -16.3% |
Beach Energy | BPT | $1.225 | -17.8% | -19.9% |
Credit Corp Group | CCP | $14.63 | -16.0% | -28.2% |
Coronado Global Resources | CRN | $1.170 | -18.8% | -25.9% |
Cettire | CTT | $1.060 | -20.0% | -59.5% |
Core Lithium | CXO | $0.093 | -2.1% | -76.2% |
Dexus Industria Reit. | DXI | $2.72 | -6.2% | -1.4% |
Fletcher Building | FBU | $2.63 | -9.0% | -41.6% |
Fleetpartners Group | FPR | $2.96 | -13.5% | +2.4% |
Inghams Group | ING | $3.05 | -19.1% | -13.8% |
Karoon Energy | KAR | $1.575 | -15.6% | -29.6% |
Kelsian Group | KLS | $3.67 | -30.1% | -44.6% |
Lifestyle Communities | LIC | $7.81 | -13.2% | -51.5% |
Lotus Resources | LOT | $0.220 | -15.4% | -6.4% |
Liontown Resources | LTR | $0.725 | -23.7% | -73.2% |
Meteoric Resources | MEI | $0.100 | 0% | -47.4% |
Megaport | MP1 | $8.38 | -23.6% | -28.5% |
Monash IVF Group | MVF | $1.175 | -13.3% | -2.5% |
New Hope Corporation | NHC | $4.45 | -8.6% | -19.7% |
Novonix | NVX | $0.590 | -20.8% | -45.9% |
Nexgen Energy | NXG | $8.84 | -13.3% | +8.1% |
Paladin Energy | PDN | $9.75 | -14.5% | +16.1% |
Perpetual | PPT | $19.86 | -10.4% | -6.8% |
Power | PWH | $8.89 | -25.3% | -12.1% |
Red 5 | RED | $0.320 | -17.9% | +52.4% |
Rio Tinto | RIO | $109.99 | -6.4% | +1.2% |
Silex Systems | SLX | $3.90 | -16.8% | +17.8% |
Stanmore Resources | SMR | $2.97 | -20.2% | +6.1% |
Santos | STO | $7.16 | -10.4% | -6.2% |
Sayona Mining | SYA | $0.026 | -16.1% | -71.4% |
Syrah Resources | SYR | $0.245 | -5.8% | -57.7% |
Tabcorp | TAH | $0.455 | -29.5% | -57.1% |
Viva Energy Group | VEA | $2.89 | -11.4% | -8.0% |
Whitehaven Coal | WHC | $6.61 | -14.4% | +1.7% |
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: APA Group (ASX: APA), Bellevue Gold (ASX: BGL), Bannerman Energy (ASX: BMN), Boss Energy (ASX: BOE), Beach Energy (ASX: BPT), Coronado Global Resources (ASX: CRN), Cettire (ASX: CTT), Fleetpartners Group (ASX: FPR), Inghams Group (ASX: ING), Karoon Energy (ASX: KAR), Kelsian Group (ASX: KLS), Lifestyle Communities (ASX: LIC), Liontown Resources (ASX: LTR), Megaport (ASX: MP1), Monash IVF Group (ASX: MVF), New Hope Corporation (ASX: NHC), Paladin Energy (ASX: PDN), Perpetual (ASX: PPT), Power (ASX: PWH), Red 5 (ASX: RED), Rio Tinto (ASX: RIO), Silex Systems (ASX: SLX), Stanmore Resources (ASX: SMR), Santos (ASX: STO), Tabcorp (ASX: TAH), Viva Energy Group (ASX: VEA), Whitehaven Coal (ASX: WHC).
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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