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/ChartWatch ASX Scans: Botanix Pharma, Droneshield, NEXTDC, Champion Iron, Lynas Rare Earths and Worley
Technical Analysis
ChartWatch ASX Scans: Botanix Pharma, Droneshield, NEXTDC, Champion Iron, Lynas Rare Earths and Worley
Fri 14 Jun 24, 9:00am (AEST)
Source: Shutterstock
Stocks in article
Key Points
- Interesting uptrends in today's Scan Lists: Botanix Pharmaceuticals (BOT), Clarity Pharmaceuticals (CU6), Droneshield (DRO), Hub24 (HUB), Medadvisor (MDR), Netwealth (NWL), NEXTDC (NXT), Pro Medicus (PME), Spartan Resources (SPR), and Technology One (TNE)
- Interesting downtrends in today's Scan Lists: Boss Energy (BOE), Champion Iron (CIA), Calix (CXL), IGO (IGO), Iluka Resources (ILU), Arcadium Lithium (LTM), Magellan Financial Group (MFG), Regis Resources (RRL), and 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 % |
|---|---|---|---|---|
Ansell | ANN | $25.84 | +4.0% | -2.1% |
BetaShares Asia Technology Tigers ETF | ASIA | $9.12 | +2.4% | +23.7% |
BetaShares Australian Tech ETF | ATEC | $24.35 | +3.2% | +33.3% |
Botanix Pharmaceuticals | BOT | $0.310 | +14.8% | +244.4% |
Breville Group | BRG | $28.04 | +6.1% | +45.0% |
Commonwealth Bank | CBA | $125.48 | +5.2% | +31.0% |
Codan | CDA | $11.39 | +6.2% | +53.5% |
Coles Group | COL | $17.01 | +5.8% | -4.0% |
CSL | CSL | $287.96 | +3.0% | -5.7% |
Clarity Pharmaceuticals | CU6 | $5.36 | +36.0% | +616.9% |
Droneshield | DRO | $1.450 | +51.0% | +504.2% |
Elsight | ELS | $0.550 | +46.7% | +83.3% |
Global X Fang+ ETF | FANG | $27.46 | +9.2% | +52.2% |
Findi | FND | $3.80 | +31.5% | +603.7% |
Fisher & Paykel Healthcare | FPH | $28.57 | +8.6% | +32.9% |
GQG Partners Inc. | GQG | $2.71 | +11.1% | +83.1% |
Gentrack Group | GTK | $9.31 | +25.8% | +143.1% |
HMC Capital | HMC | $7.37 | +7.1% | +66.7% |
Hub24 | HUB | $44.85 | +9.7% | +77.8% |
JB HI-FI | JBH | $62.69 | +8.6% | +47.9% |
Loftus Peak Global Disruption ETF | LPGD | $4.68 | +6.6% | +47.2% |
Macmahon | MAH | $0.290 | +18.4% | +114.8% |
Macquarie Technology Group | MAQ | $88.74 | -1.4% | +49.0% |
Munro Climate Change Leaders ETF | MCCL | $15.31 | +7.8% | +57.2% |
Medadvisor | MDR | $0.450 | +36.4% | +83.7% |
Netwealth Group | NWL | $21.75 | +8.9% | +68.9% |
News Corporation | NWS | $42.42 | +7.3% | +47.8% |
NEXTDC | NXT | $18.34 | +5.8% | +48.5% |
Ora Banda Mining | OBM | $0.370 | +15.6% | +155.2% |
Pacific Current Group | PAC | $10.44 | +0.8% | +55.8% |
Propel Funeral Partners | PFP | $5.70 | +3.1% | +31.3% |
Pure Hydrogen Corp | PH2 | $0.210 | +90.9% | -2.3% |
Pro Medicus | PME | $133.22 | +17.7% | +111.2% |
Polynovo | PNV | $2.36 | +5.4% | +50.3% |
Pexa Group | PXA | $14.58 | 0% | +11.6% |
Qube | QUB | $3.68 | +3.7% | +29.6% |
BetaShares Global Robotics and AI ETF | RBTZ | $14.48 | +1.5% | +13.7% |
REA Group | REA | $192.11 | +4.6% | +46.8% |
Regis Healthcare | REG | $4.15 | +1.7% | +82.0% |
Rpmglobal | RUL | $2.68 | +10.3% | +86.1% |
Global X Semiconductor ETF | SEMI | $18.90 | +15.5% | +67.9% |
Superloop | SLC | $1.485 | +11.2% | +126.7% |
Spartan Resources | SPR | $0.845 | +33.1% | +431.5% |
Sovereign Metals | SVM | $0.580 | +11.5% | +31.8% |
Technology One | TNE | $18.27 | +13.6% | +15.6% |
Tuas | TUA | $4.32 | +5.4% | +130.4% |
BetaShares S&P 500 Yield Maximiser ETF | UMAX | $23.64 | +1.5% | +12.1% |
Today's Uptrends Scan List
Interesting charts from today's Uptrends List 🔎📈
The stocks that I feel are showing the strongest excess demand from today's Uptrends List are: BetaShares Asia Technology Tigers ETF (ASX: ASIA), BetaShares S&P/ASX Australian Technology ETF (ASX: ATEC), Botanix Pharmaceuticals (ASX: BOT), Coles Group (ASX: COL), Clarity Pharmaceuticals (ASX: CU6), Droneshield (ASX: DRO), Findi (ASX: FND), Fisher & Paykel Healthcare Corporation (ASX: FPH), Gentrack Group (ASX: GTK), Hub24 (ASX: HUB), Medadvisor (ASX: MDR), Netwealth Group (ASX: NWL), NEXTDC (ASX: NXT), Ora Banda Mining (ASX: OBM), Pro Medicus (ASX: PME), Global X Semiconductor ETF (ASX: SEMI), Spartan Resources (ASX: SPR), Technology One (ASX: TNE), Tuas (ASX: TUA).
Charts of each below:
Downtrends Scan List
Company | Code | Last Price | 1mo % | 1yr % |
|---|---|---|---|---|
Alpha HPA | A4N | $0.820 | -13.7% | -26.1% |
Australian Ethical Investment | AEF | $4.20 | -10.3% | +38.6% |
Ampol | ALD | $33.23 | -7.7% | +9.4% |
Arafura Rare Earths | ARU | $0.170 | -8.1% | -50.7% |
Aurizon | AZJ | $3.66 | -3.2% | +2.5% |
Boss Energy | BOE | $4.08 | -27.9% | +31.6% |
Brainchip | BRN | $0.210 | -23.6% | -48.8% |
Bluescope Steel | BSL | $20.39 | -4.4% | +2.8% |
Credit Corp Group | CCP | $14.27 | -6.7% | -17.6% |
Chalice Mining | CHN | $1.405 | -3.4% | -80.4% |
Champion Iron | CIA | $6.51 | -9.7% | +3.2% |
Collins Foods | CKF | $9.16 | -3.9% | +12.3% |
Charter Hall Social Infrastructure | CQE | $2.43 | -4.7% | -17.1% |
Charter Hall Retail Reit | CQR | $3.28 | -0.9% | -10.9% |
Corporate Travel | CTD | $13.21 | -12.9% | -33.0% |
Calix | CXL | $1.100 | -26.4% | -74.5% |
Core Lithium | CXO | $0.094 | -41.3% | -91.1% |
De Grey Mining | DEG | $1.030 | -10.0% | -25.6% |
Deterra Royalties | DRR | $4.46 | -8.4% | -2.2% |
Dexus | DXS | $6.61 | -5.8% | -18.8% |
Elders | ELD | $8.05 | -2.8% | +27.4% |
EVT | EVT | $11.14 | -6.7% | -7.9% |
Fletcher Building | FBU | $2.77 | +0.7% | -40.9% |
Flight Centre Travel | FLT | $19.27 | -6.4% | -8.1% |
GPT Group | GPT | $4.11 | -2.4% | +2.5% |
Grange Resources | GRR | $0.325 | -21.7% | -39.3% |
GWA Group | GWA | $2.26 | -9.2% | +26.3% |
IGO | IGO | $6.26 | -17.6% | -56.6% |
Iluka Resources | ILU | $6.65 | -13.1% | -43.1% |
Imugene | IMU | $0.058 | -18.3% | -42.0% |
Karoon Energy | KAR | $1.670 | -12.3% | -14.6% |
Kelsian Group | KLS | $5.00 | -10.1% | -28.1% |
Lifestyle Communities | LIC | $12.24 | -8.2% | -14.6% |
Lendlease Group | LLC | $5.54 | -9.5% | -21.4% |
Arcadium Lithium | LTM | $5.65 | -20.1% | 0% |
Liontown Resources | LTR | $1.085 | -21.4% | -61.0% |
Lynas Rare Earths | LYC | $6.25 | -8.2% | -18.4% |
MA Financial Group | MAF | $4.43 | -4.5% | -10.9% |
Meteoric Resources | MEI | $0.165 | -17.5% | -29.8% |
Magellan Financial Group | MFG | $8.14 | -5.5% | +3.9% |
Monadelphous Group | MND | $13.09 | -4.0% | +7.0% |
Mayne Pharma Group | MYX | $4.48 | -32.7% | +13.4% |
Novonix | NVX | $0.650 | -21.7% | -39.5% |
Pilbara Minerals | PLS | $3.32 | -16.4% | -30.1% |
Patriot Battery Metals | PMT | $0.730 | -16.6% | -58.0% |
Renascor Resources | RNU | $0.089 | -11.0% | -51.9% |
Regis Resources | RRL | $1.755 | -14.8% | -12.7% |
Sims | SGM | $10.47 | -2.4% | -30.3% |
Smartgroup Corp. | SIQ | $8.11 | -3.0% | +9.1% |
Spark New Zealand | SPK | $3.75 | -4.6% | -19.4% |
Sayona Mining | SYA | $0.037 | -19.6% | -79.4% |
Syrah Resources | SYR | $0.400 | -16.7% | -54.9% |
Terracom | TER | $0.215 | -6.5% | -54.3% |
Viva Energy Group | VEA | $3.27 | -4.4% | +8.3% |
Weebit Nano | WBT | $2.30 | -11.9% | -64.8% |
Wildcat Resources | WC8 | $0.330 | -41.6% | +200.0% |
Worley | WOR | $14.22 | -6.7% | -13.5% |
Waypoint Reit | WPR | $2.31 | -3.8% | -14.8% |
Today's Downtrends Scan List
Interesting charts from today's Downtrends List 🔎📉
The stocks that I feel are showing the strongest excess supply from today's Downtrends List are: Ampol (ASX: ALD), Boss Energy (ASX: BOE), Champion Iron (ASX: CIA), Calix (ASX: CXL), IGO (ASX: IGO), Iluka Resources (ASX: ILU), Kelsian Group (ASX: KLS), Lendlease Group (ASX: LLC), Arcadium Lithium (ASX: LTM), Magellan Financial Group (ASX: MFG), Mayne Pharma Group (ASX: MYX), Regis Resources (ASX: RRL), Worley (ASX: WOR).
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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