ChartWatch ASX Scans: Biome Australia, Botanix Pharmaceuticals, EZZ Life Science, Lynas Rare Earths, Corporate Travel, Domino's Pizza
Your daily dose of the most interesting uptrends and downtrends on the ASX with technical analysis from an expert.
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Mentioned
KEY POINTS
- Interesting uptrends in today's Scans: Astral Resources (AAR), Apiam Animal Health (AHX), AI-Media Technologies (AIM), Biome Australia (BIO), Botanix Pharmaceuticals (BOT), Clarity Pharmaceuticals (CU6), EZZ Life Science (EZZ), Wisetech Global (WTC)
- Interesting downtrends in today's Scans: Beach Energy (BPT), Corporate Travel Management (CTD), Domino's Pizza (DMP), IGO (IGO), Johns Lyng (JLG), Karoon Energy (KAR), NIB (NHF), Ramsay Health Care (RHC), Skycity Entertainment (SKC), Spark NZ (SPK)
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 | $0.120 | +66.7% | +81.8% |
Aussie Broadband | ABB | $3.80 | +23.0% | +8.9% |
Australian Finance Group | AFG | $1.620 | -0.6% | +5.5% |
Apiam Animal Health | AHX | $0.560 | +41.8% | +34.9% |
AI-Media Technologies | AIM | $0.650 | +64.6% | +128.1% |
Aristocrat Leisure | ALL | $54.71 | +5.4% | +32.8% |
AMA Group | AMA | $0.062 | +37.8% | -37.0% |
Amcor | AMC | $16.67 | +2.9% | +13.6% |
Appen | APX | $1.245 | +54.7% | -11.1% |
BetaShares S&P/ASX Australian Technology ETF | ATEC | $25.90 | +9.7% | +29.7% |
Bega Cheese | BGA | $5.09 | +20.3% | +80.5% |
Biome Australia | BIO | $0.815 | +71.6% | +526.9% |
Bank of Queensland | BOQ | $6.45 | +5.2% | +14.8% |
Botanix Pharmaceuticals | BOT | $0.435 | +31.8% | +117.5% |
Catapult Group International | CAT | $2.20 | +3.3% | +94.7% |
Commonwealth Bank of Australia | CBA | $142.95 | +10.3% | +40.8% |
Charter Hall Long Wale Reit | CLW | $3.92 | +9.2% | +9.8% |
Coles Group | COL | $18.80 | +3.5% | +18.6% |
Clarity Pharmaceuticals | CU6 | $7.52 | +26.4% | +625.3% |
Cedar Woods Properties | CWP | $5.62 | +12.6% | +7.5% |
EZZ Life Science | EZZ | $2.96 | +63.5% | +377.4% |
Fisher & Paykel Healthcare Corporation | FPH | $34.94 | +16.9% | +71.9% |
Gentrack Group | GTK | $10.00 | +8.9% | +150.0% |
Hearts and Minds Investments | HM1 | $2.80 | +6.1% | +16.2% |
Hotel Property Investments | HPI | $3.74 | +9.7% | +23.0% |
Humm Group | HUM | $0.785 | +61.9% | +78.4% |
iShares Global Consumer Staples ETF | IXI | $97.38 | +3.7% | +6.4% |
Lendlease Group | LLC | $6.96 | +14.7% | -9.3% |
Lynas Rare Earths | LYC | $7.04 | +16.2% | -2.8% |
MA Financial Group | MAF | $5.30 | +22.7% | +11.6% |
Macmahon | MAH | $0.325 | +14.0% | +91.2% |
Vaneck Australian Property ETF | MVA | $24.13 | +8.9% | +17.5% |
National Australia Bank | NAB | $38.93 | +9.3% | +35.8% |
Nanosonics | NAN | $3.57 | +20.6% | -16.4% |
Nuix | NXL | $4.93 | +52.6% | +195.2% |
Ora Banda Mining | OBM | $0.585 | +46.3% | +457.1% |
Opthea | OPT | $0.610 | +48.8% | +50.5% |
Pro Medicus | PME | $157.53 | +23.0% | +115.9% |
Pantoro | PNR | $0.120 | +36.4% | +155.3% |
Resolution Cap Global Property Sec ETF | RCAP | $1.735 | +6.1% | +16.1% |
Resmed Inc | RMD | $36.63 | +12.2% | +53.6% |
Scentre Group | SCG | $3.55 | +4.7% | +32.5% |
Unibail-Rodamco-Westfield | URW | $6.28 | +14.0% | +53.5% |
Westpac Banking Corporation | WBC | $31.87 | +13.6% | +51.2% |
Wisetech Global | WTC | $125.24 | +39.9% | +79.6% |
Today's Uptrends Scan List
Feature charts from today's Uptrends List 🔎📈
Astral Resources (ASX: AAR), Apiam Animal Health (ASX: AHX), AI-Media Technologies (ASX: AIM), Biome Australia (ASX: BIO), Botanix Pharmaceuticals (ASX: BOT), Commonwealth Bank of Australia (ASX: CBA), Clarity Pharmaceuticals (ASX: CU6), EZZ Life Science (ASX: EZZ), Fisher & Paykel Healthcare Corporation (ASX: FPH), Gentrack Group (ASX: GTK), Hotel Property Investments (ASX: HPI), Humm Group (ASX: HUM), Lendlease Group (ASX: LLC), Lynas Rare Earths (ASX: LYC), Vaneck Australian Property ETF (ASX: MVA), National Australia Bank (ASX: NAB), Nuix (ASX: NXL), Ora Banda Mining (ASX: OBM), Opthea (ASX: OPT), Pro Medicus (ASX: PME), Unibail-Rodamco-Westfield (ASX: URW), Wisetech Global (ASX: WTC).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Arafura Rare Earths | ARU | $0.150 | -6.3% | -43.4% |
Bapcor | BAP | $4.75 | -1.0% | -28.8% |
Beach Energy | BPT | $1.070 | -24.9% | -33.7% |
Centuria Office Reit | COF | $1.145 | -8.8% | -7.3% |
Corporate Travel Management | CTD | $11.24 | -13.1% | -37.1% |
Domino's Pizza Enterprises | DMP | $29.00 | -6.1% | -45.7% |
IGO | IGO | $5.00 | -3.1% | -65.8% |
Johns Lyng Group | JLG | $3.45 | -36.8% | -46.4% |
Karoon Energy | KAR | $1.440 | -18.2% | -42.7% |
Lotus Resources | LOT | $0.215 | 0% | -2.3% |
NIB | NHF | $5.63 | -21.7% | -27.4% |
Ramsay Health Care | RHC | $39.24 | -11.7% | -21.4% |
Skycity Entertainment Group | SKC | $1.295 | -8.2% | -30.7% |
Spark New Zealand | SPK | $3.22 | -18.9% | -28.9% |
Sayona Mining | SYA | $0.022 | -18.5% | -80.0% |
Viva Energy Group | VEA | $2.73 | -12.8% | -11.1% |
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: Beach Energy (ASX: BPT), Corporate Travel Management (ASX: CTD), Domino's Pizza Enterprises (ASX: DMP), IGO (ASX: IGO), Johns Lyng Group (ASX: JLG), Karoon Energy (ASX: KAR), NIB (ASX: NHF), Ramsay Health Care (ASX: RHC), Skycity Entertainment Group (ASX: SKC), Spark New Zealand (ASX: SPK).
Charts of each below:
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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.
