Technical Analysis

ChartWatch ASX Scans: Breville, Global Data Centre, Polynovo, Karoon Energy, Monadelphous, Woodside Energy

Tue 18 Jun 24, 9:00am (AEST)
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asia
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ben
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boe
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bpt
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brg
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cba
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coh
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col
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ctd
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dmp
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eqr
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fmg
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kar
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nab
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pme
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pnv
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tne
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wbc
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wds
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Key Points

  • Interesting uptrends in today's Scan Lists: Breville (BRG), Commonwealth Bank (CBA), Coles (COL), Equinox Resources (EQN), Global Data Centre (GDC), National Australia Bank (NAB), Pro Medicus (PME), Polynovo (PNV), and Global X Semiconductor ETF (SEMI)
  • Interesting downtrends in today's Scan Lists: Ampol (ALD), Atlas Arteria (ALX), Champion Iron (CIA), Corporate Travel (CTD), IGO (IGO), Karoon Energy (KAR), Monadelphous (MND), Regis Resources (RRL), Transurban (TCL), and Woodside Energy (WDS)

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 %

Aristocrat Leisure

ALL

$47.38

+3.6%

+24.4%

Austin Engineering

ANG

$0.575

+12.7%

+117.0%

BetaShares Asia Technology Tigers ETF

ASIA

$9.18

+1.8%

+22.2%

Bendigo and Adelaide Bank

BEN

$11.29

+13.8%

+34.1%

Breville Group

BRG

$28.09

+7.2%

+42.2%

Commonwealth Bank

CBA

$125.49

+2.6%

+28.9%

Cochlear

COH

$327.28

-3.4%

+37.8%

Coles Group

COL

$17.06

+3.8%

-4.6%

Empire Energy Group

EEG

$0.265

+26.2%

+29.3%

Vaneck MSCI Multifactor EM Markets ETF

EMKT

$25.23

+2.2%

+19.0%

Energy One

EOL

$4.40

+3.8%

+55.3%

Equinox Resources

EQN

$0.425

+70.0%

+157.6%

Global X Fang+ ETF

FANG

$27.76

+8.7%

+50.2%

Global Data Centre Group

GDC

$3.16

+34.5%

+90.9%

BetaShares Global Cybersecurity ETF

HACK

$11.41

-1.6%

+25.4%

Insurance Australia Group

IAG

$6.61

+1.7%

+26.4%

BetaShares India Quality ETF

IIND

$12.39

+6.7%

+19.2%

Jumbo Interactive

JIN

$16.85

-2.4%

+13.6%

Loftus Peak Global Disruption ETF

LPGD

$4.70

+4.9%

+42.4%

Munro Global Growth ETF

MAET

$6.47

+5.0%

+37.1%

Macmahon

MAH

$0.290

+18.4%

+114.8%

Munro Climate Change Leaders ETF

MCCL

$15.18

+4.3%

+57.6%

Magellan Global Fund ETF

MGOC

$3.10

+2.0%

+20.2%

National Australia Bank

NAB

$35.26

+2.0%

+38.2%

Nuix

NXL

$3.03

+24.2%

+254.4%

Pharmaust

PAA

$0.245

+32.4%

+218.2%

Propel Funeral Partners

PFP

$5.77

+3.0%

+33.3%

Paragon Care

PGC

$0.410

+13.9%

+69.1%

Pro Medicus

PME

$133.30

+11.3%

+105.8%

Polynovo

PNV

$2.35

+6.8%

+50.6%

Vaneck MSCI International Quality ETF

QUAL

$57.41

+4.5%

+32.9%

Global X Semiconductor ETF

SEMI

$19.03

+12.1%

+62.9%

Supply Network

SNL

$23.10

+7.7%

+56.1%

Technology One

TNE

$18.25

+12.0%

+15.2%

Westpac Banking Corp.

WBC

$26.97

+0.9%

+31.9%

WCM Global Growth

WQG

$1.595

+6.3%

+34.6%

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: Breville Group (ASX: BRG), Commonwealth Bank of Australia (ASX: CBA), Coles Group (ASX: COL), Equinox Resources (ASX: EQN), Global Data Centre Group (ASX: GDC), BetaShares India Quality ETF (ASX: IIND), Magellan Global Fund (Open Class) ETF (ASX: MGOC), National Australia Bank (ASX: NAB), Pro Medicus (ASX: PME), Polynovo (ASX: PNV), Global X Semiconductor ETF (ASX: SEMI), WCM Global Growth (ASX: WQG).

Charts of each below:

Breville Group (ASX-BRG) chart 15 June 2024Commonwealth Bank of Australia (ASX-CBA) chart 15 June 2024Coles Group (ASX-COL) chart 15 June 2024Equinox Resources (ASX-EQN) chart 15 June 2024Global Data Centre Group (ASX-GDC) chart 15 June 2024BetaShares India Quality ETF (ASX-IIND) chart 15 June 2024Magellan Global Fund (Open Class) ETF (ASX-MGOC) chart 15 June 2024National Australia Bank (ASX-NAB) chart 15 June 2024Pro Medicus (ASX-PME) chart 15 June 2024Polynovo (ASX-PNV) chart 15 June 2024Global X Semiconductor ETF (ASX-SEMI) chart 15 June 2024WCM Global Growth (ASX-WQG) chart 15 June 2024

Downtrends Scan List

Company

Code

Last Price

1mo %

1yr %

Ampol

ALD

$32.46

-9.2%

+8.0%

Atlas Arteria

ALX

$4.70

-13.4%

-23.3%

AMP

AMP

$1.040

-5.9%

-8.0%

APA Group

APA

$8.33

-5.6%

-17.9%

Arafura Rare Earths

ARU

$0.160

-20.0%

-52.2%

Aurizon

AZJ

$3.61

-3.5%

+1.1%

Boss Energy

BOE

$4.01

-29.6%

+23.4%

Beach Energy

BPT

$1.565

-8.5%

+17.2%

Champion Iron

CIA

$6.45

-10.3%

+3.9%

Centuria Industrial Reit

CIP

$3.10

-5.5%

+1.6%

Collins Foods

CKF

$9.10

-4.4%

+11.7%

Charter Hall Long Wale Reit

CLW

$3.43

-5.5%

-15.5%

Charter Hall Social Infrastructure Reit

CQE

$2.38

-8.8%

-18.2%

Charter Hall Retail Reit

CQR

$3.24

-5.3%

-10.7%

Corporate Travel

CTD

$13.24

-12.8%

-33.6%

Core Lithium

CXO

$0.087

-43.9%

-91.5%

De Grey Mining

DEG

$1.025

-13.1%

-22.4%

Domain Australia

DHG

$2.89

-2.7%

-16.2%

Domino's Pizza

DMP

$37.02

-4.0%

-14.2%

Deterra Royalties

DRR

$4.06

-15.2%

-10.8%

Dexus

DXS

$6.47

-10.9%

-17.8%

Fletcher Building

FBU

$2.69

+1.9%

-41.3%

Fortescue

FMG

$22.98

-13.6%

+5.9%

Growthpoint Properties

GOZ

$2.26

-7.8%

-21.5%

GPT Group

GPT

$4.00

-10.1%

-0.5%

Grange Resources

GRR

$0.320

-21.0%

-40.2%

IGO

IGO

$5.98

-23.0%

-60.1%

Karoon Energy

KAR

$1.640

-11.8%

-12.6%

Lifestyle Communities

LIC

$11.97

-11.3%

-15.4%

Arcadium Lithium

LTM

$5.11

-26.4%

0%

Liontown Resources

LTR

$1.000

-29.8%

-63.9%

MA Financial Group

MAF

$4.41

-4.8%

-10.9%

Mirvac Group

MGR

$1.850

-14.0%

-15.1%

McMillan Shakespeare

MMS

$16.89

-6.7%

+2.6%

Monadelphous Group

MND

$12.95

-3.0%

+8.6%

Mayne Pharma Group

MYX

$4.47

-28.5%

+9.8%

Perpetual

PPT

$21.43

-4.4%

-14.9%

Regis Resources

RRL

$1.720

-15.7%

-13.4%

Sayona Mining

SYA

$0.035

-27.1%

-80.0%

Syrah Resources

SYR

$0.385

-20.6%

-56.1%

Transurban Group

TCL

$12.38

-0.8%

-13.2%

Terracom

TER

$0.210

-12.5%

-51.2%

Vicinity Centres

VCX

$1.845

-6.6%

-0.8%

Weebit Nano

WBT

$2.25

-7.4%

-65.0%

Woodside Energy Group

WDS

$26.98

-3.4%

-22.1%

Worley

WOR

$14.05

-6.0%

-13.3%

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: Ampol (ASX: ALD), Atlas Arteria (ASX: ALX), Aurizon (ASX: AZJ), Champion Iron (ASX: CIA), Charter Hall Retail Reit (ASX: CQR), Corporate Travel Management (ASX: CTD), Fletcher Building (ASX: FBU), GPT Group (ASX: GPT), IGO (ASX: IGO), Karoon Energy (ASX: KAR), Mirvac Group (ASX: MGR), Monadelphous Group (ASX: MND), Regis Resources (ASX: RRL), Transurban Group (ASX: TCL), Woodside Energy Group (ASX: WDS).

Charts of each below:

Ampol (ASX-ALD) chart 15 June 2024Atlas Arteria (ASX-ALX) chart 15 June 2024Aurizon (ASX-AZJ) chart 15 June 2024Champion Iron (ASX-CIA) chart 15 June 2024Charter Hall Retail Reit (ASX-CQR) chart 15 June 2024Corporate Travel Management (ASX-CTD) chart 15 June 2024Fletcher Building (ASX-FBU) chart 15 June 2024GPT Group (ASX-GPT) chart 15 June 2024IGO (ASX-IGO) chart 15 June 2024Karoon Energy (ASX-KAR) chart 15 June 2024Mirvac Group (ASX-MGR) chart 15 June 2024Monadelphous Group (ASX-MND) chart 15 June 2024Regis Resources (ASX-RRL) chart 15 June 2024Transurban Group (ASX-TCL) chart 15 June 2024Woodside Energy Group (ASX-WDS) chart 15 June 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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