ChartWatch ASX Scans: Blue chips CBA, BOQ, COL, JBH, TLS & Rare Earths LYC, ARU special!
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: Aurelia Metals (AMI), Eagers Automotive (APE), Arafura Rare Earths (ARU), Bank of Queensland (BOQ), Commonwealth Bank (CBA), Coles (COL), Gorilla Gold Mines (GG8), Lynas Rare Earths (LYC), Telstra Group (TLS).
- Interesting downtrends in today's Scans: Appen (APX), Bannerman Energy (BMN), Domino's Pizza Enterprises (DMP), Helloworld Travel (HLO), Lendlease Group (LLC), Monash IVF (MVF), Nuix (NXL), Paradigm Biopharmaceuticals. (PAR), Star Entertainment (SGR).
A super interesting mix of blue chip stalwarts and mining companies, big and small today. The blue chips camp is headed up by arguably two of the bluest of blue chips on the ASX in Commonwealth Bank of Australia (CBA) and Telstra (TLS). Coles Group (COL), JB Hi-fi (JBH), and Bank of Queensland (BOQ) aren't slouches in the blue chips stakes, either.
All feature in today's Uptrends Scan List, and by feature – I mean "Feature Uptrend" = Highest conviction.
Joining them in the Uptrends Scan List are a mix of gold and rare earths stocks whose charts continue to push from the bottom left to the top right. There are too many to list here, so keep scrolling to view the charts of what I believe are the best of them (headline grabbers Lynas Rare Earths (LYC) and Arafura Rare Earths (ARU) deserve a special mention!).
The yangs to these yings can be found in the Downtrends Scans Lists. Many are repeat offenders, like Domino's Pizza Enerprises (DMP) – a stock that has the dubious honour of appearing as a Feature Downtrend 32 times in the last 11 months.
For those who look at the constituents of the Downtrends Scan List and think, "Well surely they can't go any lower" – perhaps study the chart of The Star Entertainment Group (SGR) very closely. It proves you never quite know! 📉
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.
Feel free to get your favourite AI to convert the tables below into lists you can upload to your favourite trading platform like TradingView. Then you'll be able to skip from chart to chart and quickly and easily see the best uptrends and downtrends on the ASX.
Some investors prefer to buy those stocks in strong uptrends, and avoid, sell, or short sell those stocks in strong downtrends – but how you use the lists is really up to you!
Note, many stocks in both lists have appeared there many times before. As long as they keep meeting my criteria – they'll keep appearing. But note, there won't be any notifications when they don't, so you'll have to do your own research on when a particular trend changes!
Uptrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Aurelia Metals | AMI | $0.290 | +18.4% | +70.6% |
APA Group | APA | $8.18 | +4.1% | -1.7% |
Eagers Automotive | APE | $17.79 | +16.4% | +37.6% |
BetaShares Global Defence ETF | ARMR | $20.93 | +3.5% | 0% |
Arafura Rare Earths | ARU | $0.215 | +16.2% | +16.2% |
Abacus Storage King | ASK | $1.460 | +28.1% | +29.2% |
Bank of Queensland | BOQ | $7.18 | +10.8% | +17.7% |
Catapult Group International | CAT | $3.70 | +6.6% | +143.4% |
Commonwealth Bank of Australia | CBA | $161.25 | +12.9% | +44.1% |
COG Financial Services | COG | $1.245 | +25.8% | -10.4% |
Coles Group | COL | $21.27 | +15.2% | +32.5% |
Dalrymple Bay Infrastructure/Notes | DBI | $3.95 | +5.3% | +42.6% |
Vaneck Global Defence ETF | DFND | $30.59 | +2.9% | 0% |
Droneshield | DRO | $1.150 | +0.4% | +34.5% |
Global X Defence Tech ETF | DTEC | $14.40 | +5.7% | 0% |
Emerald Resources | EMR | $4.34 | +6.4% | +20.2% |
Global X Physical Precious Metal Basket | ETPMPM | $296.88 | +5.4% | +27.9% |
Gorilla Gold Mines | GG8 | $0.520 | +33.3% | +956.2% |
Golden Horse Minerals | GHM | $0.460 | +67.3% | 0% |
Global X Gold Bullion ETF | GXLD | $52.52 | +10.2% | 0% |
JB HI-FI | JBH | $98.44 | +11.0% | +61.9% |
Lynas Rare Earths | LYC | $8.84 | +15.4% | +37.1% |
Saturn Metals | STN | $0.315 | +16.7% | +61.5% |
Turaco Gold | TCG | $0.450 | +26.8% | +157.1% |
Telstra Group | TLS | $4.43 | +7.5% | +20.4% |
Vault Minerals | VAU | $0.485 | +7.8% | +12.8% |
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: Aurelia Metals (ASX: AMI), Eagers Automotive (ASX: APE), Arafura Rare Earths (ASX: ARU), Bank of Queensland (ASX: BOQ), Commonwealth Bank of Australia (ASX: CBA), COG Financial Services (ASX: COG), Coles Group (ASX: COL), Global X Defence Tech ETF (ASX: DTEC), Gorilla Gold Mines (ASX: GG8), Golden Horse Minerals (ASX: GHM), Lynas Rare Earths (ASX: LYC), Saturn Metals (ASX: STN), Telstra Group (ASX: TLS).
Charts of each below:
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Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
29METALS | 29M | $0.115 | -34.3% | -73.9% |
Aura Energy | AEE | $0.105 | -19.2% | -44.7% |
Appen | APX | $0.800 | -30.7% | +22.1% |
Bannerman Energy | BMN | $1.995 | -13.3% | -49.6% |
Coast Entertainment | CEH | $0.385 | -8.3% | -21.4% |
Domino's Pizza Enterprises | DMP | $25.71 | -2.6% | -32.1% |
Elders | ELD | $5.86 | -14.7% | -28.9% |
Guzman y Gomez | GYG | $31.50 | -3.9% | 0% |
Helloworld Travel | HLO | $1.375 | -7.1% | -48.7% |
IDP Education | IEL | $8.49 | -17.9% | -47.8% |
Imugene | IMU | $0.024 | -40.0% | -71.1% |
Lindsay Australia | LAU | $0.655 | -6.4% | -36.1% |
Lendlease Group | LLC | $5.25 | -13.8% | -15.2% |
Monash IVF Group | MVF | $0.720 | -36.0% | -50.0% |
Nuix | NXL | $2.34 | -27.3% | +18.5% |
Paradigm Biopharmaceuticals. | PAR | $0.290 | -30.1% | +5.5% |
Redox | RDX | $2.74 | -2.5% | -4.9% |
The Star Entertainment Group | SGR | $0.100 | -16.7% | -82.1% |
Tyro Payments | TYR | $0.670 | -9.5% | -27.6% |
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: Appen (ASX: APX), Bannerman Energy (ASX: BMN), Domino's Pizza Enterprises (ASX: DMP), Helloworld Travel (ASX: HLO), Lendlease Group (ASX: LLC), Monash IVF Group (ASX: MVF), Nuix (ASX: NXL), Paradigm Biopharmaceuticals. (ASX: PAR), The Star Entertainment Group (ASX: SGR).
Charts of each below:
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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.
